[lbo-talk] Re: wotsit madder

[Michael Dawson -PSU]

Don't have my copy here at the office:  Do you use the rate-of-profit idea,
or just evidence of squeezed profit-derived incomes?  I thought it was the
latter.  Elite incomes can be pinched or even fall, without that making the
"Marxist" rate-of-profit statistic the relevant measure.

----- Original Message ----- 
From: "Doug Henwood" <dhenwood at panix.com>
To: <lbo-talk at lbo-talk.org>
Sent: Friday, March 05, 2004 1:19 PM
Subject: Re: [lbo-talk] Re: wotsit madder


> Michael Dawson -PSU wrote:
>
> >  > I would sincerely be interested in getting references for some good
non
> >>  "dogmatic" marxists (or non-marxists) for whom profits rates do not
> >>  matter.  Any suggestions?
> >
> >Paul Marlor Sweezy.
> >
> >Also, I can't remember Doug Henwood ever basing an argument on the "rate
of
> >profit."
>
> Well, much of the last chapter of After the New Economy is organized
> around it: its fall in the 1970s that led to the right-wing reaction,
> and the successful class war that boosted it.
>
> Doug
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