Presents an empirical test of Marx's theory of the "falling rate of profit" by deriving estimates of the Marxian rate of profit and its determinants for the post-World War II US economy in order to determine whether the trends in these variables were in the directions predicted by Marx's theory.

Product Description: The contributors to this stimulating collection of thoughtful essays examine the philosophical principles and logical structure underlying Marx's economic theory in Capital.The essays deal with many methodological issues including: the meaning of dialectic logic, the relation between Marx and Hegel, the historical specificity of Marx's concepts, the emphasis on social forms, the commodity as the starting point of Capital, the theory of money, the distinction between capital in general and competition, and Marx's critique of bourgeois economics...read more (view table of contents, read Amazon.com's description)

Product Description: Economic methodologists have traditionally paid very little attention to heterodox economic theories. In this major new book three leading heterodox scholars respond to the influential appraisals of Sraffian, Radical and Marxian economics made by Mark Blaug, the eminent economic methodologist...read more

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