Profit Rates: Their Dispersion and Long-Term Determination

Abstract

This chapter introduces Marx's theory of the determination of profit rates. It contrasts this theory with what happened in the late nineteenth century to British profit rates with a detailed statistical account. It identifies missing features in the standard presentation and contrasts these with the overaccumulation hypothesis that he presents elsewhere. A formal mathematical model using the overaccumulation hypothesis is then given and tested against modern empirical data.

Citation

Cockshott, W.P. (2023), "Profit Rates: Their Dispersion and Long-Term Determination", Herrera, R. (Ed.) Value, Money, Profit, and Capital Today (Research in Political Economy, Vol. 39), Emerald Publishing Limited, Leeds, pp. 167-187. https://doi.org/10.1108/S0161-723020230000039010