The Economics of the Profit Rate: Competition, Crises and Historical Tendencies in Capitalism - New Directions in Modern Economics Series (Hardback)
  • The Economics of the Profit Rate: Competition, Crises and Historical Tendencies in Capitalism - New Directions in Modern Economics Series (Hardback)

The Economics of the Profit Rate: Competition, Crises and Historical Tendencies in Capitalism - New Directions in Modern Economics Series (Hardback)

,
£105.00
Hardback Published: 06/07/1993
  • We can order this

Usually despatched within 2 weeks

  • This item has been added to your basket

Check Marketplace availability

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.

Publisher: Edward Elgar Publishing Ltd
ISBN: 9781852787608

You may also be interested in...

Your review has been submitted successfully.

We would love to hear what you think of Waterstones. Why not review Waterstones on Trustpilot?


Review us on Trustpilot