----------------- HES POSTING ----------------- Brad De Long wrote: > Does anyone think Marx was correct? Falling rate of profit? Brad, did he make such a prediction? That was a tendency, described together with countertendencies. > Real wages being driven down to subsistence levels (either absolute or > relative)? Again, is that Marx? > Final crisis of capitalism? Yes, that was Marx. Certainly, in his letters, he predicted that it would occur soon, but he never put a date on it in his more formal writings. Michael Perelman ------------ FOOTER TO HES POSTING ------------ For information, send the message "info HES" to [log in to unmask]