IDEAS home Printed from https://ideas.repec.org/p/ter/wpaper/0029.html
   My bibliography  Save this paper

On the Marxian law of the falling rate of profit and Marx-biased technical change

Author

Listed:
  • Capaldo Jeronim

Abstract

Karl Marx was one of the first analysts of capitalism’s trends and problems. Here I offer a formal exposition of his thesis that the rate of profit tends to fall as a consequence of capital accumulation and analyze the most well-known counter-arguments. I then use the framework developed in the text to suggest a particular standpoint from which to look at development policy.

Suggested Citation

  • Capaldo Jeronim, 2007. "On the Marxian law of the falling rate of profit and Marx-biased technical change," wp.comunite 0029, Department of Communication, University of Teramo.
  • Handle: RePEc:ter:wpaper:0029
    as

    Download full text from publisher

    File URL: https://www.dipecodir.it/wpcom/data/wp_no_29_2007.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. William Easterly, 2007. "Was Development Assistance a Mistake?," American Economic Review, American Economic Association, vol. 97(2), pages 328-332, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Pablo Selaya & Rainer Thiele, 2010. "Aid and Sectoral Growth: Evidence from Panel Data," Journal of Development Studies, Taylor & Francis Journals, vol. 46(10), pages 1749-1766.
    2. Gachet, Ivan & Girjalva, Diego & Rivadeneira, Ana & Uribe, Carlos, 2007. "Un Marco de Consistencia Macroeconómica para la Economía Ecuatoriana: Un Regreso a los Fundamentos [Macroeconomic Consistency Framework for the Ecuadorian Economy: Getting Back to Fundamentals]," MPRA Paper 16799, University Library of Munich, Germany.
    3. Degol Hailu & Admasu Shiferaw, 2012. "Macroeconomic Determinants of Exit from Aid-Dependence," Working Papers 90, International Policy Centre for Inclusive Growth.
    4. Casabonne, Ursula & Kenny, Charles, 2012. "The Best Things in Life are (Nearly) Free: Technology, Knowledge, and Global Health," World Development, Elsevier, vol. 40(1), pages 21-35.
    5. Donaubauer, Julian & Meyer, Birgit & Nunnenkamp, Peter, 2016. "Aid, Infrastructure, and FDI: Assessing the Transmission Channel with a New Index of Infrastructure," World Development, Elsevier, vol. 78(C), pages 230-245.
    6. Paweł Charasz & Jan P Vogler, 2021. "Does EU funding improve local state capacity? Evidence from Polish municipalities," European Union Politics, , vol. 22(3), pages 446-471, September.
    7. Farole, Thomas & Moberg, Lotta, 2014. "It worked in China, so why not in Africa? The political economy challenge of Special Economic Zones," WIDER Working Paper Series 152, World Institute for Development Economic Research (UNU-WIDER).
    8. Navid Khan & Ke Xing & Salman Mahmood & Riaz Ahmad, 2024. "Key underlying concepts of shared prosperity: insights from a literature review," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 71(3), pages 727-751, September.
    9. Douzounet Mallaye & Thierry Urbain Yogo, 2013. "Foreign Aid and Mobilization of Growth Factors in Sub-Saharan Africa," WIDER Working Paper Series wp-2013-103, World Institute for Development Economic Research (UNU-WIDER).
    10. Temple, Jonathan R.W., 2010. "Aid and Conditionality," Handbook of Development Economics, in: Dani Rodrik & Mark Rosenzweig (ed.), Handbook of Development Economics, edition 1, volume 5, chapter 0, pages 4415-4523, Elsevier.
    11. Nathan Nunn & Diego Puga, 2012. "Ruggedness: The Blessing of Bad Geography in Africa," The Review of Economics and Statistics, MIT Press, vol. 94(1), pages 20-36, February.
    12. Ricardo Hausmann & Bailey Klinger & Rodrigo Wagner, 2008. "Doing Growth Diagnostics in Practice: A 'Mindbook'," CID Working Papers 177, Center for International Development at Harvard University.
    13. Annageldy Arazmuradov, 2012. "Foreign Aid, Foreign Direct Investment, and Domestic Investment Nexus in Landlocked Economies of Central Asia," Economic Research Guardian, Weissberg Publishing, vol. 2(1), pages 129-151, May.
    14. Claudia Williamson, 2010. "Exploring the failure of foreign aid: The role of incentives and information," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 23(1), pages 17-33, March.
    15. Lee Robinson & Alice Nicole Sindzingre, 2012. "China’s Ambiguous Impacts on Commodity-Dependent Countries: the Example of Sub-Saharan Africa (with a Focus on Zambia)," EconomiX Working Papers 2012-39, University of Paris Nanterre, EconomiX.
    16. Van Hoa, Tran & Limskul, Kitti, 2013. "Economic impact of CO2 emissions on Thailand's growth and climate change mitigation policy: A modelling analysis," Economic Modelling, Elsevier, vol. 33(C), pages 651-658.
    17. Kaya, Ilker & Lyubimov, Konstantin & Miletkov, Mihail, 2012. "To liberalize or not to liberalize: Political and economic determinants of financial liberalization," Emerging Markets Review, Elsevier, vol. 13(1), pages 78-99.
    18. Kingsley U. Ejiogu & Thomas S. Mosley, 2017. "Local Neocolonialism and Terrorism in Africa," SAGE Open, , vol. 7(2), pages 21582440176, April.
    19. Eskander Alvi & Aberra Senbeta, 2012. "Foreign Aid: Good for Investment, Bad for Productivity," Oxford Development Studies, Taylor & Francis Journals, vol. 40(2), pages 139-161, June.
    20. Baydag, Rena Melis & Klingebiel, Stephan & Marschall, Paul, 2018. "Shaping the patterns of aid allocation: a comparative analysis of seven bilateral donors and the European Union," IDOS Discussion Papers 22/2018, German Institute of Development and Sustainability (IDOS).

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:ter:wpaper:0029. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Giovanni Di Bartolomeo (email available below). General contact details of provider: http://sites.google.com/a/uniroma1.it/cimeo/home .

    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.