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Only if you pretend that the determination of the rate at which surplus accrues to the different factors of production is not a political matter.

If it is a political matter, then "return on capital" and "return on labour" are misleading and one should rather speak of "value added" by the production process as a whole, and "value captured" by different parties to the production.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Feb 5th, 2010 at 06:15:48 AM EST
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Nothing to debate there...

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Fri Feb 5th, 2010 at 06:26:07 AM EST
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