Lenin in Essen

Doug Henwood dhenwood at panix.com
Sat Feb 10 12:18:31 PST 2001


Roger Odisio wrote:


>So don't look for "trends" from snapshot data, Doug. Try to understand
>the underlying dynamics, which focuses on the creation of surplus value,
>not reported profits, both at the firm level and in the aggregate. This
>is the same point I have made to you in countless rants against your
>misunderstanding of Marx's Falling Rate of Profit tendency. Thought for
>the day: tendencies and dialectics, not trends.

In other words, if the data don't tell you what you want to hear, redefine and rework the data until they do.

Doug



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