declines in the profit rate as the cause of crises in the United States during the postwar period, and contrasts the results … normally caused by a decline in the profit rate is confronted; the cyclical decline in the profit rate is a plausible cause of …. Finally, it is argued that analysis of the profit rate short-term dynamics is insufficient to provide a specific …

This paper argues that Marx’s law of the falling rate of profit applies to the problematic of choice of technique in …