[lbo-talk] RE: De Long flap

joanna bujes jbujes at covad.net
Wed Mar 3 09:37:02 PST 2004

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The question then is why there is periodic decline in overall profitability on the total capital employed in the system.

Ulhas

Because the organic composition of capital changes? The "fixed" part grows proportionately larger than the "variable" part?

Joanna

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