Tendency of the rate of profit to fall

Tendency of the rate of profit to fall, Economics, Mainstream economics, Political economy, Labor theory of value, Crisis theory, Rate of profit, Profit margin
Erscheinungsjahr 2009
ISBN: 978-613-0-30159-0
Verlag: VDM Verlag Dr. Müller e.K.

Buch, Englisch, 92 Seiten, Paperback, Format (B × H): 150 mm x 220 mm, Gewicht: 155 g

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online.The tendency of the rate of profit to fall, commonly abbreviated to TRPF, is a hypothesis in economics and political economy, generally accepted in the 19th century, but rejected by mainstream economists today. Economists as diverse as Adam Smith, John Stuart Mill and Stanley Jevons noticed a long-run empirical trend for the return on capital invested in industries to decline, but the theorem was most famously expounded by Karl Marx in chapter 13 of Das Kapital Vol. 3. Marx called this tendency "the most important law of political economy" and sought to give a causal explanation for it, in terms of his labour theory of value.

Autoren/Hrsg.

Surhone, Lambert M.

Timpledon, Miriam T.

Marseken, Susan F.