The Dynamics of Fixed Capital Revaluation and Scrapping

José Alberro, Joseph Persky, José Alberro and Joseph Persky
Additional contact information
José Alberro: Department of Economics University of Illinois at Chicago Circle Box 4348 Chicago, Illinois 60680
Joseph Persky: Department of Economics University of Illinois at Chicago Circle Box 4348 Chicago, Illinois 60680
Authors registered in the RePEc Author Service: Joseph Persky () and Jose Luis Alberro ()

Review of Radical Political Economics, 1981, vol. 13, issue 2, 32-37

Abstract: This paper offers a theoretical approach to the study of intracapi talist class rivalry focusing on the dynamic properties of fixed capital revaluation when technological change is introduced. Historically capitalist accumulation has relied on multiperiod assets which increase the roundaboutness of produc tion. As the flexibility of the production system decreases, technical obsolescence is increasingly damaging, and may cause the realized rate of profit to fall. Those capitalists who use external funds to finance investment will find themselves with an increasingly expensive debt to be serviced out of shrinking profits.

Date: 1981
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://rrp.sagepub.com/content/13/2/32.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:13:y:1981:i:2:p:32-37

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 ().