The Dynamics of the Profit Rate in Spain (1954—2001)

Sergio Cámara Izquierdo
Additional contact information
Sergio Cámara Izquierdo: Research Area of Society and Capitalist Accumulation, Department of Economics, Universidad Autónoma Metropolitana, Azcapotzalco, Mexico City, scamara@correo.azc.uam.mx

Review of Radical Political Economics, 2007, vol. 39, issue 4, 543-561

Abstract: The article evaluates the Spanish economy from 1954 to 2001 from the standpoint of capital profitability. The profit rate combines a cyclical behavior caused by evolution of income distribution and a downward trend caused by increase in capital composition. Increase in capital composition is caused by mechanization of the economy, while the evolution of income distribution is conditioned by a particular performance of real wages. JEL classification: P-17, E-11, J-30

Keywords: labor theory of value; profit rate; technology of production; income distribution (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://rrp.sagepub.com/content/39/4/543.abstract (text/html)

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:sae:reorpe:v:39:y:2007:i:4:p:543-561

Access Statistics for this article

More articles in Review of Radical Political Economics from Union for Radical Political Economics
Bibliographic data for series maintained by SAGE Publications ().