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The Falling Rate of Profit under Constant Rate of Exploitation: A Generalization
Review of Radical Political Economics ( IF 1.000 ) Pub Date : 2021-05-20 , DOI: 10.1177/04866134211005881
Junshang Liang 1
Affiliation  

In a two-sector model with circulating capital, Laibman (1982) shows that a capital-using and labor-saving technical change in the consumption goods sector lowers the rate of profit under the assumption of constant rate of exploitation. This paper generalizes his finding in a two-department multi-sector model that considers the capital advanced.

JEL Classification: B51, C67



中文翻译:

固定开采率下利润下降率的一般化

在有流动资金的两部门模型中,莱布曼(Laibman,1982)表明,在假设不变的开采率的情况下,消费品部门的资本使用和节省劳动力的技术变革降低了利润率。本文在考虑了资本先进性的两部门多部门模型中概括了他的发现。

JEL分类:B51,C67

更新日期:2021-05-20
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