IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this paper

Social Structures of disaccumulation: a 101 on the rate of profit and the cause of crisis

Listed author(s):
  • Freeman, Alan

These educational notes were prepared for a summer camp organised by Ideas Left Out at Elbow Lake, Ontario in the summer of 2015. I suggested to the organisers that I could produce a fairly simplified introduction to the discussion which would be pluralist, in the sense that it would introduce the various conflicting ideas about the cause of crisis and the special role that the rate of profit plays within it. I promised, after the discussion, that I would make the notes available for those who expressed interest but could not attend. Here they are. This article contains a shameless amount of self-reference. This is not just because the referenced articles of my own contain more explanation than is reasonable in a 101 introduction, but because these articles also contain bibliographies which will allow the reader to explore the subject in her own chosen way and at her own chosen pace.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
File Function: original version
Download Restriction: no

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 69649.

in new window

Date of creation: Sep 2015
Date of revision: 21 Feb 2016
Handle: RePEc:pra:mprapa:69649
Contact details of provider: Postal:
Ludwigstraße 33, D-80539 Munich, Germany

Phone: +49-(0)89-2180-2459
Fax: +49-(0)89-2180-992459
Web page:

More information through EDIRC

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

in new window

  1. Freeman, Alan, 2012. "The Profit Rate in the Presence of Financial Markets: a Necessary Correction," MPRA Paper 52625, University Library of Munich, Germany, revised 01 Jul 2012.
  2. Deepankar Basu & Ramaa Vasudevan, 2013. "Technology, distribution and the rate of profit in the US economy: understanding the current crisis," Cambridge Journal of Economics, Oxford University Press, vol. 37(1), pages 57-89.
  3. Alan Freeman, 2014. "Schumpeter’s theory of self-restoration: a casualty of Samuelson’s Whig historiography of science," Cambridge Journal of Economics, Oxford University Press, vol. 38(3), pages 663-679.
  4. Freema, Alan, 2015. "Going for the Juglar: Keynes, Schumpeter and the Theoretical Crisis of Economics," MPRA Paper 64809, University Library of Munich, Germany, revised 05 Jun 2015.
  5. Freeman, Alan, 2010. "Crisis and ‘law of motion’ in economics: a critique of positivist Marxism," MPRA Paper 48619, University Library of Munich, Germany, revised 05 Jul 2010.
  6. Jan Toporowski, 1999. "Kalecki and the Declining Rate of Profit," Review of Political Economy, Taylor & Francis Journals, vol. 11(3), pages 355-371.
  7. Kliman, Andrew & Freeman, Alan & Potts, Nick & Gusev, Alexey & Cooney, Brendan, 2013. "The Unmaking of Marx’s Capital: Heinrich’s Attempt to Eliminate Marx’s Crisis Theory," MPRA Paper 48535, University Library of Munich, Germany, revised 22 Jul 2013.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:69649. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.