Marx's analysis of the falling rate of profit on the first version of volume III of capital


Autoria(s): Petith, Howard C.
Contribuinte(s)

Universitat Autònoma de Barcelona. Unitat de Fonaments de l'Anàlisi Econòmica

Institut d'Anàlisi Econòmica

Data(s)

09/05/2006

Resumo

The paper provides a description and analysis of the Hodgskin section of Theories of Surplus Value and the general law section of the first version of Volume III of Capital. It then considers Part III of Volume III, the evolution of Marx's thought and various interpretations of his theory in the light of this analysis. It is suggested that Marx thought that the rate of profit must fall and even in the 1870s hoped to be able to provide a demonstration of this. However the main conclusions are: 1. Marx's major attempt to show that the rate of profit must fall occurred in the general law section. 2. Part III does not contain a demonstration that the rate of profit must fall. 3. Marx was never able to demonstrate that the rate of profit must fall and he was aware of this.

Formato

29

78118 bytes

application/pdf

Identificador

http://hdl.handle.net/2072/1855

Idioma(s)

eng

Relação

Working papers; 594.03

Direitos

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Palavras-Chave #Economia marxista
Tipo

info:eu-repo/semantics/workingPaper