The Falling Rate of Profit

Joan Robinson

Chapter Chapter V in An Essay on Marxian Economics, 1966, pp 35-42 from Palgrave Macmillan

Abstract: Abstract It was a generally accepted tenet in the orthodox economics of Marx’s day that there is a long-run tendency for the rate of profit on capital to fall. Marx accepted this view and set himself to account for the phenomenon of falling profits. His explanation does not turn upon the difficulty of realising surplus value — the problem, as we now say, of a deficiency of effective demand — but is intended to be valid even when that problem does not arise.

Keywords: Real Wage; Marginal Productivity; Technical Progress; Fall Rate; Effective Demand (search for similar items in EconPapers)
Date: 1966
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-15228-5_5

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349152285

DOI: 10.1007/978-1-349-15228-5_5

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().