Basu, Deepankar; Manolakos, Panayiotis T. - Department of Economics, University of Massachusetts-Amherst - 2010
The law of the tendential fall in the rate of profit has been at the center of theoretical and empirical debates within … the absence of a comprehensive econometric analysis of the behaviour of the rate of profit. In this paper, we attempt to … suggests that the rate of profit behaves like a random walk and exhibits "long waves" interestingly correlated with major …