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The Rate of Surplus Value, the Organic Composition of Capital and the Rate of Profit in Greek Manufacturing

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  • Theodore P. Lianos

    (Athens University of Economics and Business, Athens, Greece)

Abstract

This is an empirical paper that reports estimates of some basic marxian variables for the Greek manufacturing sector for the period 1960-1983. It is shown that the organic composition of capital follows an increasing trend while the rate of surplus value and the rate of profit fluctuate with no apparent trend. It is also shown that the productivity of labor varies more than the wage rate.

Suggested Citation

  • Theodore P. Lianos, 1992. "The Rate of Surplus Value, the Organic Composition of Capital and the Rate of Profit in Greek Manufacturing," Review of Radical Political Economics, Union for Radical Political Economics, vol. 24(1), pages 136-145, March.
    • Handle: RePEc:sae:reorpe:v:24:y:1992:i:1:p:136-145
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    Cited by:

    1. Michaelides, Panayotis G. & Papageorgiou, Theofanis & Vouldis, Angelos T., 2013. "Business cycles and economic crisis in Greece (1960–2011): A long run equilibrium analysis in the Eurozone," Economic Modelling, Elsevier, vol. 31(C), pages 804-816.
    2. Angelos VOULDIS & Panayotis MICHAELIDES & John MILIOS, 2008. "Do Technology Shocks affect Output and Profitability over the Business Cycle in Greece (1960-2008)?," EcoMod2008 23800152, EcoMod.
    3. Michaelides, Panayotis G. & Belegri-Roboli, Athena & Economakis, George & Milios, John G., 2005. "The Determinants of Investment Activity in Greece (1960-’99)," MPRA Paper 74548, University Library of Munich, Germany.
    4. Vaona, Andrea, 2011. "Profit rate dynamics, income distribution, structural and technical change in Denmark, Finland and Italy," Structural Change and Economic Dynamics, Elsevier, vol. 22(3), pages 247-268, September.

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