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In this paper we use insights from Sraffa's classic, Production of Commodities by Means of Commodities, to argue that the classical notion of ‘centre of gravitation' is not a sound concept. The market mechanics of labour allocation through price signals and quantity adjustments, given...
Persistent link: https://www.econbiz.de/10013150396
rate of profit and its components - profit share, capacity utilization rate, and capacity-capital ratio - on investment …. Our results show that: (a) the rate of profit has both short and long run positive impacts on investment; (b) the profit …
Persistent link: https://www.econbiz.de/10011522167
-97, and 2001-02 to 2007-08. All other short run periods have witnessed declining profitability. Profit rate decomposition …Using aggregate data from the Annual Survey of Industries, we analyze profitability in India's organized manufacturing … 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/10010501245
and Schumpeter's theory of creative destruction. His law of the tendency of the rate of profit to fall parallels Alvin …Marx made significant contributions to macroeconomics, laying the grounds for both Keynes's theory of aggregate demand … Hansen's theory of secular stagnation which has recently received much attention among scholars studying the financial crises …
Persistent link: https://www.econbiz.de/10011653595
econometric relationship between profitability and market share concentration. The phenomenon can appear when there is a negative … for the cost competitiveness of direct rivals within an industry. Profitability of a given firm is undermined if price … expensive for firms. This idea also explains the frequent findings of highly persistent profit rate differentials …
Persistent link: https://www.econbiz.de/10012967220
In recent years, there has been a resurgence of interest in the controversies surrounding capital theory. At the heart … of these debates are the empirically observed near-linearities in the price-rate of profit and wage rate of profit curves …
Persistent link: https://www.econbiz.de/10014497227
evolution of the rate of profit. The model explains how the tendency of the rate of profit to fall may emerge in a form of … simultaneous profit maximization for individual firms and even for the entire sector they belong. Both results may provide new …
Persistent link: https://www.econbiz.de/10012824962
Persistent link: https://www.econbiz.de/10011673380
accumulate. Consistent with the basic intuitions of Marx's theory of technical change, we show that there is no obvious relation …
Persistent link: https://www.econbiz.de/10012150038
accumulate. Consistent with the basic intuitions of Marx's theory of technical change, we show that there is no obvious relation …
Persistent link: https://www.econbiz.de/10012131701