WHY GOLDMAN SACHS IS WRONG AND MARX WAS RIGHT.

2 Responses to WHY GOLDMAN SACHS IS WRONG AND MARX WAS RIGHT.

  1. Anti-Capital says:

    What are the factors in your calculation of the rate of surplus value?

  2. All data is taken from GDP-by-industry, KLEMS, Composition of Industry. The link is https://apps.bea.gov/iTable/iTable.cfm?reqid=150&step=2&isuri=1&categories=gdpxind
    The only exception is depreciation which is needed to reduce the gross output figure to net output. That is Table 3.4ESI found in the Fixed Assets Section. So once gross output is reduced to net output it is divided by annual remuneration multiplied by turnover yielding the rate of surplus value. |Turnover is also derived from the Composition of Industry tables where both Gross Output and Gross Value Added is found. Gross Output tallies with manufacturing sales as found in the Census Bureau data as it applies to sales within the USA.

    All spreadsheets can be found attached to the recent article 1997 – 2020: RATES OF PROFIT, SURPLUS VALUE & TURNOVER which is why I did not replicate them again. However I should have referenced them.

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