Determinants of the Average Profit Rate and the Trajectory of Capitalist Economies

Dave Zachariah

Bulletin of Political Economy, 2009, vol. 3, issue 1, 13-36

Abstract: The paper investigates the determinants of the average profit rate using the framework outlined by Farjoun and Machover (1983) and developed in Cottrell and Cockshott (2006). A dynamic equilibrium rate is derived that predicts the trend of the average profit rate. Long-run trends in the trajectory of capitalist economies are considered using empirical data from several countries.

Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:awu:journl:v:3:y:2009:i:1:p:13-36

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