>>10619724>Even stuff like muh transformation problem wouldn't be an actual problem in the age of supercomputersYou are correct, the transformation problem does not exist. Shaikh shows the evidence here:
https://youtu.be/Js5jeXQSx-0?t=3793 (1:03:13)
tl;dr:
The average profit rates in industries do NOT equalize because different industries have different quantities and vintages of fixed capital (IE, they do not instantaneously adopt the new technologies). This is also true of individual firms.
The profit rates for NEW INVESTMENT in an industry DO equalize, because everyone enters the industry adopting a similar level of technology.
A similar issue taken with Marx was labor values, which the Austrians argued are impossible to calculate. But any compsci graduate could do this on their desktop now. If you have a dependency graph of products, which have these values in each node:
- the average labor time involved in production
- the products they depend on in production
- total labor value of said product (to be calculated)
Then you can easily traverse the graph and estimate the total labor value by adding up the values of the dependencies.
