Presents an empirical test of Marx's theory of the "falling rate of profit" by deriving estimates of the Marxian rate of profit and its determinants for the post-World War II US economy in order to determine whether the trends in these variables were in the directions predicted by Marx's theory.

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Mount Holyoke College, USA

Fred Moseley

Bibliographic Information

Book Title: The Falling Rate of Profit in the Postwar United States Economy
Authors: Fred Moseley
DOI: https://doi.org/10.1007/978-1-349-12353-7
Publisher: Palgrave Macmillan London
eBook Packages: Palgrave Political & Intern. Studies Collection, Political Science and International Studies (R0)
Softcover ISBN: 978-1-349-12355-1Published: 01 January 1991
eBook ISBN: 978-1-349-12353-7Published: 18 June 1991
Edition Number: 1
Number of Pages: XVI, 211
Topics: Political Theory, Economic Theory/Quantitative Economics/Mathematical Methods, Macroeconomics/Monetary Economics//Financial Economics

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Table of contents (6 chapters)

Front Matter

Marx’s Theory of the Falling Rate of Profit

Conceptual Issues in the Estimation of the Marxian Variables

Estimates of the Marxian Variables for the Postwar US Economy

The Decline of the Conventional Rate of Profit

Causes of the Increase of Unproductive Labor

Conclusion

Back Matter

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