Wondering if this is a reference to the Tendency for the Rate of Profit to Fall?https://twitter.com/Outsideness/status/1060959912644100096 …
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Replying to @UnconsciousAby
No, it's where the attempt to explain actual prices using the LTV reefs itself on the transformation problem, and the entire project crashes to a halt.
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Replying to @Outsideness @UnconsciousAby
... Turns out the organic composition of capital has no relevance to the profitability of particular businesses, which makes the theoretical basis of the tendency of prices to fall difficult to defend.
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Replying to @Outsideness @UnconsciousAby
“Capital is just a means of recording collective memory.” What say you on that, Nick?
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Replying to @ChanceAgent @UnconsciousAby
Strong disagree. It's productive machinery in commercial format.
8:41 PM - 11 Nov 2019
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