[lbo-talk] An Orgy of Speculation?

[michael perelman]

This discussion began regarding profit rates, in which capital values
are the denominator.  I have no trouble with the accounting procedure,
which you described. I was describing the difficulty in calculating a
profit rate, in part because of the inability to get a handle on
aggregate depreciation.

-- 
Michael Perelman
Economics Department
California State University
Chico, CA
95929

530 898 5321
fax 530 898 5901
http://michaelperelman.wordpress.com