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Marxists and Accountants: bien étonnés de se trouver ensemble

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  • Marc Jegers

Abstract

In a recent issue of this journal, Basu (2013, Metroeconomica, 64 (2), pp. 293–318) presented some conditions under which replacement cost-based profit rates and historical cost-based profit rates evolve similarly, making, under these conditions, the choice between them irrelevant when studying long-term profitability trends. The present note adds some realism to this analysis by allowing depreciation of fixed assets, and shows that the choice between the two profit rate operationalizations becomes relevant. Additionally, the impact of growth on the relation between the two profit rate evolutions is assessed.

Suggested Citation

  • Marc Jegers, 2014. "Marxists and Accountants: bien étonnés de se trouver ensemble," Metroeconomica, Wiley Blackwell, vol. 65(2), pages 271-275, May.
    • Handle: RePEc:bla:metroe:v:65:y:2014:i:2:p:271-275
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    File URL: http://hdl.handle.net/10.1111/meca.12039
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    References listed on IDEAS

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    1. Deepankar Basu, 2013. "Replacement versus Historical Cost Profit Rates: What is the Difference? When Does it Matter?," Metroeconomica, Wiley Blackwell, vol. 64(2), pages 293-318, May.
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