This paper was produced as a study aid, to help people understand twentieth-century debates about Marx’s theory of the … profit rate. It discusses and dissects the principal criticisms of Marx’s formulation of the ‘law of the tendential fall in … the profit rate’. It is I think one of the more complete explanations of why and how Marx’s temporal conception of the …

literature. By contrast, the neoclassical conception of competition is derived from the requirements of a theory geared towards …

This paper argues that Marx’s law of the falling rate of profit applies to the problematic of choice of technique in …

This paper investigates labor and profit share trends across Advanced Economies. It shows that Real Estate is the … primary driver of declining labor shares outside the US. Excluding Real Estate, non-US labor and profit shares have remained … relatively stable since the 1970s. By contrast, the US labor share declined and the profit share increased across virtually all …

This paper examines the profit testing of life insurance companies that issue participating policies, type B and type A … stochastic and modeled by normal or variance gamma distributions. We rely on the stochastic profit testing techniques introduced … the profit testing indicators. We show that the variance gamma model results in more conservative predictions - in a …

This paper critically analyses the strongly subjectivist approach to exploitation theory recently proposed by Matsuo … exploitation index can be constructed. It is argued that a minimal objectivism is necessary in exploitation theory, whereby … related to the 'New Interpretation' ([1]; [3]). It is argued that it captures the core intuitions of exploitation theory and …

Roemer's (1982, 1988) classical approach and all the crucial insights of exploitation theory are generalised, proving that …