Tsoulfidis, Lefteris; Paitaridis, Dimitris - In: International Journal of Social Economics 39 (2012) May, pp. 304-313
Purpose – This paper aims to present the salient features of Smith's argument of the falling rate of profit. This theory has usually been interpreted as a result of the intensification of competition in the markets of goods and services of the factors of production. This aspect of Adam Smith...
