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Re: Rates of profit - correction
I wrote:
Your RP is an average "value" RP pertaining to the sphere of
production only, but quantitatively its magnitude depends a lot on the
definition of (Uf) (whether it enters in the nominator or denominator, since
if it does not enter in the denominator, it enters into the nominator; an
increase in Uf depresses ).
It should be: "an increase in Uf reduces V and increases S, and therefore
independently raises the value RP".
J.
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