The Law of the Falling Rate of Profit, Reproduction Scheme and Imperialist Expansion: The Self-Contradiction Common to Marx’s Law and Lenin’s Scheme
The constant rate of exploitation in Volume (Book) III is not explained, and the fact that it entails a rising level of real wages is not noticed. I was much startled when I came upon this in reading Capital for the first time. None of the discussions and controversies I have had since have cleared the point up.1
KeywordsReal Wage Foreign Market Nominal Wage Reproduction Scheme Capitalist Society
Unable to display preview. Download preview PDF.
- 1.Joan Robinson, An Essay on Marxian Economics, Macmillan, London, 2nd edn, 1966, p. ix.Google Scholar
- 14.See T. Horie, Marx-Keizaigaku Nyumon (An Introduction to Marxian Economics), Nihonhyoronsha, 1962, pp. 118–24.Google Scholar
- T. Horie ‘Shihonron’ to Shihonshugino Unmei (Capital and the Fate of Capitalism), Gakubunsha, 1981, pp. 85–93.Google Scholar