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The Rate of Surplus Value in Brazil, 1996–2016

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  • Antonio Freitas

Abstract

This paper estimates the Brazilian economy’s rate of surplus value as well as its underlying determinants, i.e., wage rate and labor productivity between 1996 and 2016. In addition, it builds a theoretical narrative of the Brazilian economy that integrates its political successions, highlighting the governments of Fernando Henrique Cardoso (1995–2002), Luiz Inácio Lula da Silva (2003–2010), Dilma Rousseff (2011–August 2016), and the parliamentary coup d’état (December 2015–August 2016). The findings are presented based on the classical political economy tradition, which sees capital-labor struggle as a key, albeit nonexclusive, condition that frames the economic, political, and ideological disputes of society. JEL Classification : B51, E25, N16

Suggested Citation

  • Antonio Freitas, 2021. "The Rate of Surplus Value in Brazil, 1996–2016," Review of Radical Political Economics, Union for Radical Political Economics, vol. 53(3), pages 398-422, September.
    • Handle: RePEc:sae:reorpe:v:53:y:2021:i:3:p:398-422
    DOI: 10.1177/0486613421989427
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    References listed on IDEAS

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    1. Weisskopf, Thomas E, 1979. "Marxian Crisis Theory and the Rate of Profit in the Postwar U.S. Economy," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 3(4), pages 341-378, December.
    2. Douglas Gollin, 2002. "Getting Income Shares Right," Journal of Political Economy, University of Chicago Press, vol. 110(2), pages 458-474, April.
    3. Franklin Serrano & Ricardo Summa, 2015. "Aggregate demand and the slowdown of Brazilian economic growth in 2011-2014 [Aggregate demand and the slowdown of Brazilian economic growth in 2011-2014]," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 25(spe), pages 803-833, December.
    4. Wolff, Edward N, 1979. "The Rate of Surplus Value, the Organic Composition, and the General Rate of Profit in the U.S. Economy, 1947-67," American Economic Review, American Economic Association, vol. 69(3), pages 329-341, June.
    5. Amsden, Alice H, 1981. "An International Comparison of the Rate of Surplus Value in Manufacturing Industry," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 5(3), pages 229-249, September.
    6. Dimitris Paitaridis & Lefteris Tsoulfidis, 2012. "The Growth of Unproductive Activities, the Rate of Profit, and the Phase-Change of the U.S. Economy," Review of Radical Political Economics, Union for Radical Political Economics, vol. 44(2), pages 213-233, June.
    7. Duncan K. Foley, 1982. "The Value of Money the Value of Labor Power and the Marxian Transformation Problem," Review of Radical Political Economics, Union for Radical Political Economics, vol. 14(2), pages 37-47, June.
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    Cited by:

    1. Ferran Sancho, 2023. "The surplus-value rate and the structure of the tax system," UFAE and IAE Working Papers 969.23, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).

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    More about this item

    Keywords

    Brazilian economy; rate of surplus value; capital-labor struggle; System of National Accounts;
    All these keywords.

    JEL classification:

    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
    • N16 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Latin America; Caribbean

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