2024-03-28T11:04:08Zhttp://digital.csic.es/dspace-oai/requestoai:digital.csic.es:10261/18232016-02-16T02:06:37Zcom_10261_58com_10261_7col_10261_689
2007-11-05T12:27:21Z
urn:hdl:10261/1823
Marx's Analysis of the Falling Rate of Profit on the First Version Of Volume III of Capital
Petith, Howard
Falling Rate of Profit
Marx, Karl
Natural resources
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.
2007-11-05T12:27:21Z
2007-11-05T12:27:21Z
2003-09-27
documento de trabajo
http://hdl.handle.net/10261/1823
eng
UFAE and IAE Working Papers
594.03
openAccess