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The Economics of the Profit Rate

Dumenil, Gerard/ Levy, Dominique

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ISBN 10: 1852787600 / ISBN 13: 9781852787608
Published by Edward Elgar Pub, 1993
New Condition: New
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Bibliographic Details

Title: The Economics of the Profit Rate

Publisher: Edward Elgar Pub

Publication Date: 1993

Binding: HRD

Book Condition: New

About this title


This text assesses 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. This study presents 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. It includes an assessment of the history of the US economy in which theoretical and empirical analyses are consistently combined.

About the Author:

Gerard Dumenil, Director of Research, CNRS, LAREA-CEDRA, University of Paris X-Nanterre and Dominique Levy, PSE-CNRS, France

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