[Pen-l] Falling rate of profit

["Julio Huato" <juliohuato@xxxxxxxxx>]

Checking the archives, I found a post by Michael Lebowitz that I'd
missed before.  That got me thinking again on the issue.

I just ran a couple of scholar.google searches and found a long list
of articles and books on the topic, until rather recently (early
2000s).

Now, I browsed a few of those works and can't find anyone doing what
I'd consider the most direct route to settling the issue (to the
extent the issue can be reasonably settled), namely expressing the
profit rate as a function of the minimal amount of parameters -- off
the top of my head, after normalizing some variables, with no loss of
generality, (1) the productivity in one department vis-a-vis the
other, (2) the technical composition of capital, and (3) the workers'
standard of living) -- and then use plain calculus to determine the
direction of change of the profit rate under the assumption that, over
the long run, (a) the productivity in one department vis-a-vis the
other is trendless, (b) the technical composition goes up, and (c) the
workers' standard of living goes up.

Do you, guys, know whether this has already been done?
_______________________________________________
pen-l mailing list
pen-l@xxxxxxxxxxxxxxxxxx
https://lists.csuchico.edu/mailman/listinfo/pen-l