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Profitability in India's organized manufacturing sector: The role of technology, distribution, and demand
Deepankar, Basu; Das, Debarshi - 2015
Using aggregate data from the Annual Survey of Industries, we analyze profitability in India's organized manufacturing …-97, and 2001-02 to 2007-08. All other short run periods have witnessed declining profitability. Profit rate decomposition … sector from 1982-83 to 2012-13. Over the whole period of analysis, the rate of profit grew at about 1 percent per annum …
Persistent link: https://www.econbiz.de/10011526700
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Technology, distribution and the rate of profit in the US economy: Understanding the current crisis
Basu, Deepankar; Vasudevan, Ramaa - 2011
profitability problems, and proceeds to concentrate on an analysis of issues surrounding the profitability problem in two steps …. First, evidence on profitability trends for the Nonfarm Nonfinancial Corporate Business, the Nonfinancial Corporate Business … and the Corporate Business sectors in post-War U.S. are summarized. A broad range of profit rate measures are covered and …
Persistent link: https://www.econbiz.de/10010287844
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On multi-sector and multi-technique models, production functions and Goodwin cycles: a reply to Libman
Blecker, Robert A.; Setterfield, Mark - In: European Journal of Economics and Economic Policies: … 17 (2020) 3, pp. 295-306
Emiliano Libman's constructive comments on our recent book, Heterodox Macroeconomics: Models of Demand, Distribution and Growth (HM), raise three main points of contention: the suitability of single-sector/single-technique (as opposed to multi-sector/multi-technique) models; the appropriate...
Persistent link: https://www.econbiz.de/10014363392
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Marx's theory of money and 21st-century macrodynamics
Young-Taft, Tai - 2015
Marx's theory of money is critiqued relative to the advent of fiat and electronic currencies and the development of financial markets. Specific topics of concern include (1) today's identity of the money commodity, (2) possible heterogeneity of the money commodity, (3) the categories of land and...
Persistent link: https://www.econbiz.de/10011545301
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Investment, autonomous demand and long run capacity utilization: An empirical test for the Euro Area
Gallo, Ettore - 2019
In recent years, the role attached to the autonomous components of aggregate demand has attracted rising attention, as testified by the development of the Sraffian Supermulti plier model (SSM) and the attempts to include autonomous demand in the Neo-Kaleckian model. This paper reviews and...
Persistent link: https://www.econbiz.de/10011997037
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Karl Marx: An early post-Keynesian? A comparison of Marx's economics with the contributions by Sraffa, Keynes, Kalecki and Minsky
Hein, Eckhard - 2019
This paper compares Marx's economics with those by Sraffa, Keynes, Kalecki and Minsky. The paper takes an "ex post" view on the matter and rather looks at the output side of the respective authors, but not at the input side. This means no attempt is made at studying in a systematic way, if and...
Persistent link: https://www.econbiz.de/10011997039
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A puzzle about the monetary expression of labor time: An equilibrating mechanism or just a coincidence?
Park, Hyun Woong; Rieu, Dong-min - 2018
In this paper, we report a puzzling result about the monetary expressions of labor time (MELTs) of the productive and unproductive sectors. Since part of the aggregate value produced in productive sectors is transferred to unproductive sectors, the productive sector's MELT is a measure of value...
Persistent link: https://www.econbiz.de/10012059902
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The European economic crisis from 2007 onwards in the context of a global crisis of over-production of capital - a Marxian monetary theory of value interpretation
Gander, Sascha - 2019
, between profit and inter-est rate as well as between industrial and fictitious capital, which represent contradictory …
Persistent link: https://www.econbiz.de/10012099421
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Dr. Palley and the merits of conflict
Heise, Arne - 2024
Controversy is vital in the pursuit of knowledge. Constructive dispute can drive intellectual growth and deepen understanding within a field. However, mutual respect, thorough engagement, and intellectual humility are necessary for productive exchanges. In this vein, I clarify in my response to...
Persistent link: https://www.econbiz.de/10014633247
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The profit rate in Chile: 1900-2010
Polanco, Diego - 2019
on the dynamics of profitability to describe its reproductive patterns. In light of this analysis, I argue that the main … accumulation regimes, the neoliberal period relies on reproductive patterns of profitability that makes it highly stable. …
Persistent link: https://www.econbiz.de/10012388904