Decentring the Marxian Debate over the Falling Rate of Profit: A New Approach

Stephen Cullenberg

Chapter 11 in Marxian Economics: A Reappraisal, 1998, pp 163-176 from Palgrave Macmillan

Abstract: Abstract The law of the tendency for the rate of profit to fall (TRPF) remains to this day one of the most important and hotly debated issues in Marxian economics. Two fundamentally different theoretical approaches can be identified in the longstanding debate over the TRPF, the traditional debate and the debate over Okishio’s theorem.2 The purpose of this chapter is to suggest a new direction in this debate by considering the relationship between the rate of profit and the competitive behaviour of complex capitalist enterprises. This chapter examines the contradictory movement of the rate of profit when the capitalist enterprise is conceived as a complex site, as Marx originally developed in the latter part of volume III of Capital.

Keywords: Productive Labourer; Capital Good; Accumulation Effect; Fall Rate; Dividend Payment (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-26121-5_11

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DOI: 10.1007/978-1-349-26121-5_11

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