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La transitoriedad histórica del capital: La tendencia descendente de la tasa de ganancia desde el siglo XIX
[The historical transience of capital: The downward trend in the rate of profit since XIX century]

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  • Maito, Esteban Ezequiel

Abstract

This paper presents estimates of the rate of profit on fourteen countries in the long run. The performance shows a clear downward trend, although there are periods of partial recovery in both core and peripheral countries. The behavior of the profit rate confirms the predictions made by Marx, about the historical trend of the mode of production. Finally, an estimate of the global rate of profit for the last six decades is done, also highlighting the particular role of China in systemic profitability.

Suggested Citation

  • Maito, Esteban Ezequiel, 2013. "La transitoriedad histórica del capital: La tendencia descendente de la tasa de ganancia desde el siglo XIX [The historical transience of capital: The downward trend in the rate of profit since XIX," MPRA Paper 59285, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:59285
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    References listed on IDEAS

    as
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    7. Fumio Hayashi & Edward C. Prescott, 2008. "The Depressing Effect of Agricultural Institutions on the Prewar Japanese Economy," Journal of Political Economy, University of Chicago Press, vol. 116(4), pages 573-632, August.
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    More about this item

    Keywords

    Tasa de ganancia - Capital - Karl Marx - Modo de producción capitalista - Centro/Periferia;

    JEL classification:

    • B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist
    • E0 - Macroeconomics and Monetary Economics - - General
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies
    • P10 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - General
    • Y10 - Miscellaneous Categories - - Data: Tables and Charts - - - Data: Tables and Charts

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