THE RE-DIVISION OF THE WORLD ECONOMY HAS ALWAYS LED TO WAR.
April 20, 2018 Leave a comment
HOW BIG IS THE FINANCE AND REAL ESTATE SECTOR? A new perspective.
April 10, 2018 Leave a comment
the overstatement of the finance sector pdf
ERRATA: In this posting I mistakenly subtracted gross surplus instead of net surplus from Gross Output to arrive at the “Cost of Gross Output”. The effect of this mistake was to slightly overstate the rates of profit because circulating capital would have been larger.
THE TRANSFORMATION PROBLEM. How market value helps set the profit margin.
February 13, 2018 Leave a comment
supplementary remarks 4th posting transformation solution pdf
transformation problem fourth posting (MAIN ARTICLE)
I have added supplementary remarks to the Main Article. Some of the concepts in the Main Article are difficult to grasp so I hope the supplementary remarks make it easier to grasp them. The purpose of the Main Article was to demonstrate how the profit margin is immanent and not accidental, that it derives from the market value, the rate of exploitation and the movement of capital, and not from the will of the individual capitalist.
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