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Can cost-reducing, technical change lead to a fall in the long run rate of profit if class struggle manages to keep the … profit. This result vindicates Marx's claim in Volume III of Capital, that if the rate of exploitation remains unchanged then … technical change in capitalist economies can lead to a fall in the long run rate of profit. …
Persistent link: https://www.econbiz.de/10013256418
Marx's justification of his theory of surplus value in the face of unequal compositions of capital, by interpreting … holds if the input matrices are random and the labour theory of value holds, in a sense to be specified, on average …. Manuscripts recently published for the first time confirm that to the end Marx trusted his approach to the theory of value in that …
Persistent link: https://www.econbiz.de/10012949588
This paper conducts a causal analysis of determinants of the profit share of income for nonfinancial corporations in … capitalists. Regression results establish a financial profit squeeze, the specific elements of financial capitalist’s power …
Persistent link: https://www.econbiz.de/10010691881
Persistent link: https://www.econbiz.de/10012204076
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
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/10012388912
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/10012670862
This part is devoted to simulation experiments based on the simulation model developed in part I from the value-theoretic reconstruction of the main parts of Marx’s critique of Political Economy. After introducing the main parameters and the range of their variation (Section 1), a singular run...
Persistent link: https://www.econbiz.de/10014503976
The background for the present elaboration is twofold: firstly, the ongoing debate about whether the Marxian theory of … distorted by its Ricardian elements (including the labour theory of value). In regard to the latter, the later economic … modules for his value theory which are not really related to each other, let alone thoroughly synthesized with one another …
Persistent link: https://www.econbiz.de/10014503989
Article that appeared as Zarembka, P (ed) Economic Theory of Capitalism and its Crises, Research in Political Economy …://www.elsevier.com/wps/find/bookdescription.cws_home/621907/description#description) This article formed the final part of a four-way exchange on the rate of profit which … the Temporal Single System Interpretation (TSSI) of Marx’s value theory. …
Persistent link: https://www.econbiz.de/10005786935