Kuhn, Rick; O'Lincoln, Tom
The article establish the relevance of the approach which focuses on the theory of the tendency of the rate of profit to fall. The opening section surveys recent overseas evidence on profit rates and offers a theoretical account of the tendency for profit rates to fall. This provides a background to a tentative examination of Australian evidence and the attention paid to the issue by some mainstream economists. At appropriate points we suggest some political implications arising from the theory.
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