Re: Re: Re: RE: RE: Profit Rates -- From Michael Yates

[Eugene Coyle <eugenecoyle@xxxxxxx>]

Doug,  Gee, Solow and Samuelson never thought of it either, when defending the
idea of the production function.  Luckily they had Joan Robinson to call it to
their attention.

But you and I are talking about different profit rates, as Daniel Davies has just
pointed out.

Gene Coyle

Doug Henwood wrote:

> Eugene Coyle wrote:
>
> >How do you adjust for the change in "capital" in telecom companies, before and
> >after the melt-down?  What's the denominator?
>
> Gee, better contact the folks at the Bureau of Economic Analysis. I
> bet they never thought of this!
>
> In fact, I'm sure they've never thought of many of the objections
> brought up on PEN-L over the last several days. They are, after all,
> just a bunch of third-rate public sector bean counters. A handy
> reference list of people who need an education can be found at
> <http://www.bea.gov/bea/beatel.htm>. The person who handles the
> capital stock estimates is Leonard Loebach, at 202-606-9764. If he's
> like most of them, he'll probably answer his own phone and be happy
> to talk to any knowledgeable, friendly caller.
>
> Doug