[PEN-L:33713] Re: Re: Rates of Profit: Recent Estimates

[Waistline2@xxxxxxx]

In a message dated 1/10/03 6:35:39 AM Pacific Standard Time, lnp3@xxxxxxxxx writes:

> >P.S.  Who are these French fellows Dumenil and Levy?   They seem to be 
> >quite prolific.
>
>
> http://www.cepremap.ens.fr/~levy/index.htm
>
> -- 
>
> The Marxism list: www.marxmail.org


Thanks Lou.

I immediately thought about the time frame of 1956 - 65 and the invention and implementation of the transistor. That is the time it takes to build the infrastructure to mass produce a given technological application, which becomes obsolete after you have built the factories and distribution networks. 

Dad use to make us go to the Drug store and test his vacuum tubes because we had the only stereo in the neighborhood. Dad became an electrician at Ford Motor Company - a skilled tradesman, and was the first black face to adorn the UAW skilled trades journal. The article was called "The Reading Man."

Dad built the stereo from reading electronic magazines and uncle Leroy - not a pun, built the cabinet and later migrated to Ghana to teach at one of their newly established universities. Leroy was what then was called a Pan Africanist - early 1960s. 

An upswing in the rate of profit means the qualitative application of a new production process and is not an upswing if ones curve begins with Henry Ford and the mass application of the Singer Sewing Machine production process called the assembly line. Let me read the article. 

Thanks Again.

Melvin P.