Back to the future?The tendency of the (maximum) rate of profit to fall: empirical evidence and theory: Stefano Perri

doi:10.4324/9780203816721-18

Chapter

Back to the future?The tendency of the (maximum) rate of profit to fall: empirical evidence and theory: Stefano Perri

ABSTRACT

The theory of the falling rate of profit is one of the most controversial parts of Marxian economic analysis. However, when severe and unpredicted crises occur it returns to the focus of attention as a possible explanation.