The profit rate and the wage rate

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Chapter 9 in New Developmentalism, 2024, pp 94-103 from Edward Elgar Publishing

Abstract: The profit rate is the more important macroeconomic price. It must be satisfying, not abusive, to assure investment and growth. Growth is only real if it causes the increase of wages and the standards of living.

Keywords: Development Studies; Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
Date: 2024
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