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theoretically relevant to capital accumulation. Essentially, there is no solid ground for Marxism, of various sorts, to claim that …. And as this paper demonstrates, this problem affects theories that are using Marxism to explain the economic value of …
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"In The Falling Rate of Profit and the Great Recession of 2007-2009, Peter Jones develops a new non-equilibrium interpretation of the labour theory of value Karl Marx builds in Capital. Applying this to US national accounting data, Jones shows that when measured correctly the profit rate falls...
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