[lbo-talk] Marx on profits

Doug Henwood dhenwood at panix.com
Tue Nov 27 06:13:21 PST 2007


On Nov 26, 2007, at 11:51 PM, Seth Ackerman wrote:


> But show the
> child a chart of the profit rate over the last 200 years and he
> will not
> be able to make heads or tails of it. That's what I mean when I say
> there's no FROP tendency.

Ah, but you're not making the proper adjustments! Take out nonproductive capital, remove accounting froth, etc. etc., and voila: FROP!



More information about the lbo-talk mailing list