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Revisiting Adam Smith's theory of the falling rate of profit

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Revisiting Adam Smith's theory of the falling rate of profit

Tsoulfidis, Lefteris; Paitaridis, Dimitris - In: International Journal of Social Economics 39 (2012) 5, 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...

Persistent link: https://www.econbiz.de/10014805728