tag:blogger.com,1999:blog-26706564.post7016586517532011331..comments2024-03-25T07:51:47.758-04:00Comments on Thoughts On Economics: On "Lady Rosa De Luxembourg"Robert Vienneauhttp://www.blogger.com/profile/14748118392842775431noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-26706564.post-25490503522777958052012-01-14T07:20:29.958-05:002012-01-14T07:20:29.958-05:00I have not read Grossman. I tend to think of Joan ...I have not read Grossman. I tend to think of Joan Robinson's metallic ages as an analytical tool for explaining where the contradictions will arise that cause capitalist economies not to reproduce smoothly. I take that to be fairly close to being the same point.<br /><br />I'm not sure about external sources. When the economy follows the model, the sources of demand are internal. But the capitalists have to make the correct accumulation decisions. For expanded reproduction, they're always just dissatisfied with current capacity so as to invest at just the right rate.Robert Vienneauhttps://www.blogger.com/profile/00872510108133281526noreply@blogger.comtag:blogger.com,1999:blog-26706564.post-20467370147181451192012-01-09T16:56:44.191-05:002012-01-09T16:56:44.191-05:00On the second question: "of course there is n...On the second question: "of course there is no contradiction".<br />As explained in Grossman's <a href="http://www.marxists.org/archive/grossman/1929/breakdown/index.htm" rel="nofollow">The Law of Accumulation</a>, "smooth" reproduction schemas in vol.II does NOT represent actual capitalism performance, but the optimal possibility for a golden path of accumulation, showing interesting results along the way.<br />Grossman (ibidem) also shows that there's no need for "external" sources of demand for capitalist accumulation, as underconsumptionist of any times (Luxembourg among them) have claimed.escaiguolquerhttps://www.blogger.com/profile/18244530663926808242noreply@blogger.com