On the Marxian law of the falling rate of profit and Marx-biased technical change
Karl Marx was one of the first analysts of capitalism’s trends and problems. Here I offer a formal exposition of his thesis that the rate of profit tends to fall as a consequence of capital accumulation and analyze the most well-known counter-arguments. I then use the framework developed in the text to suggest a particular standpoint from which to look at development policy.
Year of publication: |
2007-11
|
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Authors: | Jeronim, Capaldo |
Institutions: | Department of Communication, University of Teramo |
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