[lbo-talk] Krugman

[Michael Smith]

On Monday 24 December 2007 11:59:17 Doug Henwood wrote:
> On Dec 23, 2007, at 5:01 PM, Michael Perelman wrote:
> >  Fred
> > Moseley has used unproductive labor data to make an interesting
> > explanation of
> > downward pressures on profit rates.
>
> It's also a useful way of adjusting the profit rate downwards when
> bourgeois data tell you otherwise. The rate of profit has been
> falling so long it's a miracle that it's not negative.

I'd be interested to hear more about this idea, if you'd like to 
elaborate.