[lbo-talk] persistent fall

Eubulides autoplectic at gmail.com
Sat Nov 7 04:57:50 PST 2009


On Fri, Nov 6, 2009 at 11:00 AM, Eric Beck <ersatzdog at gmail.com> wrote:
> The Persistent Fall in Profitability Underlying the Current Crisis:
> New Temporalist Evidence
>
> by Andrew Kliman

[snip]


> It is time to reclaim this law and the value theory in which it is
> grounded. Yet they cannot be reclaimed as long as the myth that they
> have been proven to be internally inconsistent is allowed to persist.
> The record needs to be set straight, and the “Marxian economics”
> tradition ––which has given us “consistent” but spurious current-cost
> rates of profit that head ever upward while the economy goes down the
> tubes and, as a direct result, Marxian theories of the current
> economic crisis that take surface financial-sector phenomena to be
> essential causes of the economic crisis––needs to be repudiated.

===========================

http://mailman.lbo-talk.org/2007/2007-November/022492.html

http://mailman.lbo-talk.org/2005/2005-April/006924.html


>From whence one of the finer one-liners on the list was expressed:
"The neo ricardians, if you will permit my French, can go fuck themselves."

http://mailman.lbo-talk.org/2006/2006-December/024893.html



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