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Debt & Profit Rate.pdf

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Preview of Debt & Profit Rate
🔗 Source: gesd.free.fr
📊 Size: 97 KB
👤 Author: Andrew Kliman
⬇️ Downloads: 282

Summary

Debt, economic crisis, and the tendential fall in the profit rate are linked to the antagonism between producing use-values and value in capitalism. As productivity rises, commodity values fall, leading to slumps in use-value production. The growth of new value determines demand and sustainable debt volume, influenced by the rate of self-expansion of value over time, which affects the profit rate and investment demand. Marx's theory explains that the growth rate of value is determined by employment or living labor extracted in production, better than dominant theories that emphasize productivity. The co-existence of sluggish employment growth, rising productivity, falling prices, rising debt burdens, and economic crises can be explained by the tendential fall in the profit rate.

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Description

Debt, economic crisis, and the tendential fall in the profit rate are linked to the antagonism between producing use-values and value in capitalism.

Technical Information

  • File Format: PDF
  • File Size: 97 KB
  • Pages: 31
  • Language: EN
  • Author: Andrew Kliman
  • Total Downloads: 282
  • Last Updated: 1 week ago

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