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The Falling Rate of Profit as the Cause of Long Waves: Theory and Empirical Evidence

Anwar Shaikh ()

Chapter 7 in New Findings in Long-Wave Research, 1992, pp 174-202 from Palgrave Macmillan

Abstract: Abstract Capitalist accumulation is a turbulent dynamic process. It has powerful built-in rhythms which conjunctural factors and specific historical events only serve to modulate, as long as they remain within the capitalist rules of the game. Any analysis of the concrete history of capitalist accumulation must therefore distinguish between the intrinsic patterns of capitalist accumulation, and their particular historical expression.

Keywords: Capital Stock; Electric Motor; Shift Work; Capitalist Accumulation; Capacity Utilisation (search for similar items in EconPapers)
Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-22450-0_7

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DOI: 10.1007/978-1-349-22450-0_7

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