Profit rates: Their dispersion and long term determination

Cockshott, W. P. (2023) Profit rates: Their dispersion and long term determination. In: Herrera, R. (ed.) Value, Money, Profit, and Capital Today. Series: Research in Political Economy, 39. Emerald Publishing Limited: Leeds, UK, pp. 167-187. ISBN 9781804557518 (doi: 10.1108/S0161-723020230000039010)

Abstract

This chapter introduces Marx's theory of the determination of profit rates. It contrasts this theory with what happened in the late nineteenth century to British profit rates with a detailed statistical account. It identifies missing features in the standard presentation and contrasts these with the overaccumulation hypothesis that he presents elsewhere. A formal mathematical model using the overaccumulation hypothesis is then given and tested against modern empirical data.

• Item Type: Book Sections
• Additional Information: eISBN - 9781804557501
• Status: Published
• Glasgow Author(s) Enlighten ID: Cockshott, Dr William
• Authors: Cockshott, W. P.
• College/School: College of Science and Engineering > School of Computing Science
• Publisher: Emerald Publishing Limited
• ISBN: 9781804557518
• Copyright Holders: Copyright: © 2024 William Paul Cockshott.
• First Published: First published in Value, Money, Profit, and Capital Today: Volume 39: 167-187
• Publisher Policy: Reproduced in accordance with the publisher copyright policy