The Economics of the Profit Rate: Competition, Crises and Historical Tendencies in Capitalism - Rilegato

Dumenil, Gerard; Levy, Dominique

 
9781852787608: The Economics of the Profit Rate: Competition, Crises and Historical Tendencies in Capitalism

Sinossi

In this important book, Gerard Dumenil and Dominique Levy assess the impact of the profit rate on modern economies, its role in the allocation of resources among industries, its influence on business fluctuations, and its relation to accumulation, technological change and wages.

The Economics of the Profit Rate presents a broad synthesis of recent work and builds on classical theory, using the tools of modern economics, to suggest alternative approaches to conventional microeconomics and macroeconomics. In sharp contrast to the general equilibrium theory, the emphasis is placed on dynamics and the reaction of individual agents to disequilibrium. This impressive book includes an assessment of the history of the US economy in which theoretical and empirical analyses are consistently combined.

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Informazioni sull?autore

Gérard Duménil, Director of Research, CNRS, LAREA-CEDRA, University of Paris X-Nanterre and Dominique Lévy, PSE-CNRS, France

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