Special Report on
The Falling Rate of Profit
The Falling Rate of Profit - Trends
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The “tendency of the rate of profit to fall” is one of the most contentious elements in Karl Marx’s intellectual legacy. 1 He regarded it as one of his most important contributions to the analysis of the capitalist system, calling it, in his first notebooks for Capital (now published as the Grundrisse ), “in every respect the most important law of modern political economy”. 2 But it has been subjected to criticism ever since his argument first appeared in print with the publication of volume three of Capital in 1894. The first criticisms in the 1890s came from opponents of Marxism, such as the ...
A polemic on the rate of profit has developed over the last few months. This article seeks to review this debate which turns around four essential questions. [ 1 ] The four questions are: an empirical question: what has been the evolution of the rate of profit since the early 1980s in the big capitalist countries? a theoretical question: what is the status of the tendential fall in the rate of profit in the Marxist analysis? a “semi-theoretical” question: what is the nature of the crisis? a programmatic question: what is the impact of this discussion on the proposals advanced in ... Read More
SURVEY RESULTS FOR
THE FALLING RATE OF PROFIT
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