O'Connor on crisis theory, etc.

[Louis Proyect]

Rakesh:
>For example, what is Coontz getting at here: "P/O=1-(C/O +L/O), where P/O
>is the share of profits in output (income), and C/O and L/O are the
>capital-output and labout-output ratios, respectively. Now Kuznets' data
>shown a fall in the capital-output ratio and a rise in the capital-labor
>ratios, respectively
> for the 1919-1929 period. Thus dO/O>dC/C>dL/L, therefore both the
>capital-output and labor output ratios, fell, hence the rise in P/O."
>(p.153)

I think I can explain this. Coontz is searching for a solution to the
famous fictitious ground-rent problematic, which would in Marxist circles
amount to as big a breakthrough as Fermat's theorem was in higher
mathematics. 

In the July, 1996 "Journal of the Value Theory and Ballroom Dancing
Society", Prof. Drew A. Blank published a computer program that purported
to solve the vexing fictitious ground-rent problem once and for all. I have
the program at my fingertips and will share it with lbo-talk mavens, who
are in the know about Perl and value theory, a very small and elite section
of the population, indeed.

I will run it later today and announce the results.

FICTITIOUS GROUND-RENT COMPUTER PROGRAM

chop($thispgm=`basename $0`);			# Name of this program.
&dsspath; # get environment variables;

@rq = ("ctime.pl",

 "sybperl.pl",

 "$DSS/scripts/dssinprg.pl",

for $rq (@rq) {

        require "$rq" || die "$driver: Could not install $rq - $@\n";
}
$server = $ENV{'DSQUERY'};
$sdb    = &dssnode() ."," . "U";        # Get argument for dwhscure.
#print "SDB:$sdb\n";
$pwords = &dsscure("$sdb");		# Get db password.
unless (($pwords =~ /^(\w+)\W(\w+)\W/) && ($sybid = $1) && ($sybpw = $2)) {

   die "$driver: Security information retrieval failed for dss. Now
exiting....\n";}

while (<FTPCNT>) {

  $ftpcnt = $_;

  }
@ftp_array = split(' ',$ftpcnt);
$ftpyear = $ftp_array[0];
$ftpcount = $ftp_array[1];

#-------------------------------------------------------------------
# Compare the count returned from C program executed above 
# to ftp count. Cancel if not equal. 
#-------------------------------------------------------------------
if ($cpgm_cnts_array[0] != $ftpcount)

   {die "Calculated $cpgm_cnts_array[0] not = ftp count $ftpcount\n";}

&labor_tots;

Louis Proyect

(http://www.panix.com/~lnp3/marxism.html)