The Falling Rate of Profit Thesis Reassessed: Toward a Sociology of Marx’s Value Theory of Labor
Marx considered his theory of the falling rate of profit to be one of the most important discoveries in the field of political economy. According to Marx’s theory, productivity increases put downward pressure on prices and hence profits. Recurrent crises of capital devaluation are both the consequen...
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Trace: Tennessee Research and Creative Exchange
2007
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| Online Access: | http://trace.tennessee.edu/utk_gradthes/261 |