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| | PEN-L message, [PEN-L:4970] profit rate equalization |
 | | It is first introduced in Volume I on p317 in the discussion of Relative Surplus Value (itself a somewhat neglected topic of study, incompatible with equilibrium, and the centre of Marx's analysis of capitalism. |
 | | He there observes that the divergence of individual from average profit vanishes as soon as the 'new method of production has become general', from which many have chosen to read him as if he thought superprofit was transitory and accidental. |
 | | Superprofit is a permanent preoccupation of Marx throughout (cf pp264- 265 in CIII,pp642-644, TSVII p83, p336, p472, etc., etc., etc; the newly-translated volumes of his economic works, particularly Volume 34, reek of it). |
| archives.econ.utah.edu /archives/pen-l/1995m05/msg00080.htm (1964 words) |
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