Date: Wed, 28 Sep 1994 14:11:39 -0400 (EDT) From: "Paul W. Cockshott" <cockshpw-AT-wfu.edu> Subject: Re: reply to Keen Steve Keen said that he would accept as a rejection of his theory that the means of production are a source of surplus value a finding that the rate of profit was lower in industries with a higher organic composition. Using the British i/o tables I find a negative correlation of -0.15 between the rate of profit and the organic composition, i.e., there is a tendancy for industries with a high organic composition to have a lower rate of profit. This involves calculations done in flow terms, it would be interesting if someone with access to the US tables which give capital stock data could repeat the experiment. ------------------
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