The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Falling Rate of Profit

  • Walter Eltis
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_227

Abstract

Adam Smith, David Ricardo, Karl Marx, John Stuart Mill and John Maynard Keynes all expected the rate of profit to decline in the longest of long runs. It goes without saying that their reasons differ, with the result that we have several theories which point to this possibility.

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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Walter Eltis
    • 1
  1. 1.