Titlebook: Essay on Marxian Economics; Joan Robinson Book 1966Latest edition Palgrave Macmillan, a division of Macmillan Publishers Limited 1966 econ

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The Falling Rate of Profit, Marx accepted this view and set himself to account for the phenomenon of falling profits. His explanation does not turn upon the difficulty of realising surplus value — the problem, as we now say, of a deficiency of effective demand — but is intended to be valid even when that problem does not arise.

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The General Theory of Employment,justed to circumstances, with zero net investment. The process of adjusting the stock of capital to any change in circumstances takes a long time to work through. It is therefore necessary to supplement the long-period theory by an analysis of the short-period situation, in which the process of accumulation is going on.

Supplement

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The Orthodox Theory of Profit,rice for capital, without which it would not be forthcoming. Wages, interest and profit are grouped together as “the reward of human efforts and sacrifices”. Thus attention is distracted from the distinction between income from work and income from property, and a moral justification is provided for interest and profit.

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Coaching für das Management virtueller Teamsrice for capital, without which it would not be forthcoming. Wages, interest and profit are grouped together as “the reward of human efforts and sacrifices”. Thus attention is distracted from the distinction between income from work and income from property, and a moral justification is provided for interest and profit.

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Ziele und Elemente der Organisation,depreciation . raw materials. The total product for any period, say a year, is then represented by . + . + . These quantities are measured in ., or .. This concept involves some problems which will be discussed in the next chapter.

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