المستودع الأكاديمي جامعة المدينة

A Descriptive and Analytic Look at Marxs Own Explanations for the Falling Rate of Profit (Long Version)

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dc.creator Petith, Howard
dc.date 2007-11-06T10:47:45Z
dc.date 2007-11-06T10:47:45Z
dc.date 2001-04-14
dc.date.accessioned 2017-01-31T00:58:10Z
dc.date.available 2017-01-31T00:58:10Z
dc.identifier http://hdl.handle.net/10261/1908
dc.identifier.uri http://dspace.mediu.edu.my:8181/xmlui/handle/10261/1908
dc.description Marx's conclusions about the falling rate of profit have been analysed exhaustively. Usually this has been done by building models which broadly conform to Marx's views and then showing that his conclusions are either correct or, more frequently, that they can not be sustained. By contrast, this paper examines, both descriptively and analytically, Marx's arguments from the Hodgskin section of Theories of Surplus Value, the General Law section of the recently published Volume 33 of the Collected Works and Chapter 3 of Volume III of Capital. It also gives a new interpretation of Part III of this last work. The main conclusions are first, that Marx had an intrinsic explanation of the falling rate of profit but was unable to give it a satisfactory demonstration and second, that he had a number of subsidiary explanations of which the most important was resource scarcity. The paper closes with an assessment of the pedigree of various currents of Marxian thought on this issue.
dc.description Financial aid from DGI project SEC 2000-0684 is gratefully accknowledged.
dc.language eng
dc.relation UFAE and IAE Working Papers
dc.relation 485.01
dc.rights openAccess
dc.subject Marx, Karl
dc.subject Falling Rate of Profit
dc.subject Natural resources
dc.title A Descriptive and Analytic Look at Marxs Own Explanations for the Falling Rate of Profit (Long Version)
dc.type Documento de trabajo


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