[lbo-talk] stock valuation without dividends

Carrol Cox cbcox at ilstu.edu
Tue Aug 9 19:09:46 PDT 2005


Doug Henwood wrote:
>
>
> There's a colorful quote from Marx on this (Capital III, p. 485 of
> the Vintage edition): "Where, as here [with interest rate setting],
> it is competition as such that decides, the determination is
> inherently accidental, purely empirical, and only pedantry or fantasy
> can seek to prsent this accident as something necessary."

It's been quite a while since I last read C3, but that is the quote I was remembering.

Carrol



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