About the Author:
Gerard Dumenil, Director of Research, CNRS, LAREA-CEDRA, University of Paris X-Nanterre and Dominique Levy, PSE-CNRS, France
Review:
`This treatise should be read by Sraffian, post Keynesian, Kaleckian, Marxian, and even Walrasian economists interested in deeper theory and more extensive empirical work.' -- James Devine, Review of Radical Political Economics `The work of Dumenil and Levy is quite original and will. . . . provoke lively debate among microeconomists on equilibrium behaviour, macroeconomists on business cycles fluctuations, and economic historians on their analysis of "long waves" in capitalism.' -- Edward N. Wolff, Journal of Economic Literature `In this pathbreaking work of theory and empirics covering roughly 125 years of US history, Dumenil and Levy elaborate Marx's vision of a capitalist economy regulated at the microeconomic, macroeconomic and historical levels by the profitability of business enterprise.' -- Thomas R. Michl, Science and Society `. . . the theoretical rehabilitation of the profit rate is of utmost importance, and this book pleads convincingly for a basic cause'. -- C. Bidard, Journal of Economics `In this very important and very interesting book Dumenil and Levy summarize the results of their theoretical and empirical contribution of the last ten years on the dynamics of capitalist economies. . . I was impressed by the clarity and rigor of the chapters on "gravitation" of market prices around the prices of production or, to follow more closely their approach, the tendency towards an equalization of the profit rates among industries, resulting from capital mobility.' -- Angelo Reati, EAEPE Newsletter `The present volume presents an important review and synthesis of these collaborations, and will be of great interest to economists working in related fields and to graduate library collections. . . . Dumenil and Levy have moved "out of the mainstream" along a broad front, and The Economics of the Profit Rate shows how considerable their progress has been.' -- Don Goldstein, Journal of Economic Behaviour and Organization
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