The tendency of earnings estimates to fall

Doug Henwood dhenwood at panix.com
Wed Apr 4 06:15:38 PDT 2001


Shane Mage wrote:


>Doug asks:
>
>
>>- an hour of labor is an hour of labor, but just what is a unit of
>>capital? - but I really don't know what it means today.
>
>According to Marx, a unit of capital is identically a unit, say an hour,
>of average socially necessary labor.

And if you can measure that, you deserve a Nobel.

Doug



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