IDEAS home Printed from https://ideas.repec.org/a/sae/reorpe/v28y1996i2p33-53.html
   My bibliography  Save this article

Technical Change, Accumulation and the Rate of Profit Revisited

Author

Listed:
  • David Laibman

    (Department of Economics, Brooklyn College (CUNY), 2900 Bedford Avenue, Brooklyn NY 11210, dlaibman@brooklyn.cuny.edu)

Abstract

Recent work has drawn attention to the connection between technical change and the labor market. Reasonable assumptions concerning both the reality of positive capital accumulation and the effect of technical change on wage rates reveal the ubiquitous possibility of viable technical changes that raise the composition of capital and lower the rate of profit. A complete non-steady-state growth model including both optimal technical change and labor-market dynamics is described; the model provides a test of the empirical likelihood of an accumulation path with a rising profit share and falling profit rate. A general perspective on the existence and role of critical tendencies in capitalist economic growth is presented.

Suggested Citation

  • David Laibman, 1996. "Technical Change, Accumulation and the Rate of Profit Revisited," Review of Radical Political Economics, Union for Radical Political Economics, vol. 28(2), pages 33-53, June.
  • Handle: RePEc:sae:reorpe:v:28:y:1996:i:2:p:33-53
    as

    Download full text from publisher

    File URL: http://rrp.sagepub.com/content/28/2/33.abstract
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Edward N. Wolff, 2000. "What's Behind the Recent Rise in Profitablity?," Economics Working Paper Archive wp_297, Levy Economics Institute.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:reorpe:v:28:y:1996:i:2:p:33-53. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: http://www.urpe.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.