The Economics of the Profit Rate Competition, Crises, and Historical Tendencies in Capitalism |
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| Author:
| Duménil, Gérard
Lévy, Dominique |
| Series title: | New Directions in Modern Economics Ser. |
| ISBN: | 978-1-85278-760-8 |
| Publication Date: | Jan 1993 |
| Publisher: | Edward Elgar Publishing, Incorporated
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| Book Format: | Hardback |
| List Price: | USD $192.00 |
Book Description:
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In this important book, Gerard Dumenil and Dominique Levy assess the impact of the profit rate on modern economies, its role in the allocation of resources among industries, its influence on business fluctuations, and its relation to accumulation, technological change and wages.
The Economics of the Profit Ratepresents a broad synthesis of recent work and builds on classical theory, using the tools of modern economics, to suggest alternative approaches to conventional...
More Description
In this important book, Gerard Dumenil and Dominique Levy assess the impact of the profit rate on modern economies, its role in the allocation of resources among industries, its influence on business fluctuations, and its relation to accumulation, technological change and wages.
The Economics of the Profit Ratepresents a broad synthesis of recent work and builds on classical theory, using the tools of modern economics, to suggest alternative approaches to conventional microeconomics and macroeconomics. In sharp contrast to the general equilibrium theory, the emphasis is placed on dynamics and the reaction of individual agents to disequilibrium. This impressive book includes an assessment of the history of the US economy in which theoretical and empirical analyses are consistently combined.