THE ECONOMICS OF THE PROFIT RATE: Competition, Crises and Historical Tendencies in Capitalism (New Directions in Modern Economics series) - Hardcover

Duménil, Gérard; Lévy, Dominique

Hardcover

ISBN 10: 1852787600 ISBN 13: 9781852787608

Publisher: Edward Elgar Publishing Ltd, 1993

Synopsis

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 Rate 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. This impressive book includes an assessment of the history of the US economy in which theoretical and empirical analyses are consistently combined.

About this title

About the Author

Gérard Duménil, Director of Research, CNRS, LAREA-CEDRA, University of Paris X-Nanterre and Dominique Lévy, PSE-CNRS, France

Edition details

• Publisher: Edward Elgar Publishing Ltd
• Publication date: 1993
• Language: English
• ISBN 10: 1852787600
• ISBN 13: 9781852787608
• Binding: Hardcover
• Number of pages: 416