[PEN-L:33720] Re: Re: Dumenil and Levy

[<eatonak@xxxxxxxxxxxxxxx>]

>>Let me correct my previous, rather sloppily written message.  The
>>following is what I meant:]
As in most collaborative works, in the case of  Dumenil and Levy as well
there is a divison of labor: Dumenil is a very well known Marxist>> economist (and the usual presenter/debater of their joint work --at
>> least, in English--) and Levy is the math/model building person.

Ahmet Tonak


>> P.S.  Who are these French fellows Dumenil and Levy?   They seem to be
>>  quite prolific.
>>
>> As in most collaborative works, in the case of  Dumenil and Levy the
>> division of labor is such that Dumenil is very well known Marxist
>> economist (and the usual presenter/debater of their join work --at
>> least, in English--) and Dumenil is the math person.
>>
>>
>> At 03:41 PM 1/9/2003 -0800, you wrote:
>>
>>> [was: RE: [PEN-L:33695] Re: Re: quesion from Michael Yates]
>>>
>>> > Fred B. Moseley wrote:
>>> > >You might want to take a look at my 1992 book *The Falling Rate of
>>> > >
>>> Profit
>>> > >in the Postwar US Economy*, and a more recent 1997 RRPE paper "The
>>> > >
>>> Rate of
>>> > >Profit and the Future of Capitalism."
>>>
>>> Doug writes:
>>> > So where's the ROP these days?
>>>
>>> according to the SURVEY OF CURRENT BUSINESS
>>> (http://www.bea.doc.gov/bea/ARTICLES/2002/09September/0902CorpProfit.pdf),>>>  what Fred calls the "conventional rate of profit" for the
>>> non-financial corporate sector has fallen pretty drastically in
>>> recent years. Its cyclical peak was in 1997, suggesting that the 2001
>>>  recession was partly -- or maybe completely? -- caused by the fall.
>>> I  presume that the ROP fell more drastically in 2002 because of
>>> falling  rates of capacity utilization (and profit realization) as it
>>> did in  2001, though the government hasn't calculated that yet.
>>>
>>> ------------------------
>>> Jim Devine jdevine@xxxxxxx &  http://bellarmine.lmu.edu/~jdevine
>>> <http://bellarmine.lmu.edu/%7Ejdevine>
>>>
>>>
>>
>
> --
> Frequently the only possible answer is a critique of the
> question and the only solution is to negate the question.
>
> Karl Marx, 1857, Grundrisse, "The Chapter on Money,"  p.127.
>
>
>
> E. Ahmet Tonak
> Professor of Economics
>
> Simon's Rock College of Bard
> 84 Alford Road
> Great Barrington, MA 01230
>
> Tel:  413 528 7488
> Fax: 413 528 7365
> www.simons-rock.edu/~eatonak