And yet it moves (down)

Esteban Maito ()

MPRA Paper from University Library of Munich, Germany

Abstract: The article presents an estimate of the rate of profit in United Kingdom between 1855 and 2009. By isolating some of the countervailing forces specified by Marx of the law of the tendency of the rate of profit to fall, it demonstrates that the law impose despite those countervailing forces, which do not reverse the tendency in the long term. Finally, the article deals with the tendency and economic cycles based on the historical development of the rate of accumulation and the rate of growth of employees. A statistical annex is included at the end.

Keywords: United; Kingdom; -; Rate; of; profit; -; Countervailing; forces; -; Marx; -; Law; of; the; tendency; of; the; rate; of; profit; to; fall (search for similar items in EconPapers)
JEL-codes: B51 E22 P10 P16 (search for similar items in EconPapers)
Date: 2014-08
New Economics Papers: this item is included in nep-his, nep-hme, nep-hpe and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:58007

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