16min chapter

Historical Materialism Podcast cover image

The Economics of Modern Imperialism

Historical Materialism Podcast

CHAPTER

The Tendency of the Falling Rate of Profit and its Relevance in Understanding Capitalism

This chapter explores the concept of the falling rate of profit and its significance in analyzing capitalism. It discusses the perspectives of Keynesians, radical economists, and Marxists regarding the causes of economic crises. The chapter also debates the accuracy of Marx's rate of profit argument and its relevance in explaining the current state and future outcomes of capitalism.

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