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World in Crisis: A Global Analysis of Marx's Law of Profitability
World in Crisis: A Global Analysis of Marx's Law of Profitability
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“
has a specific aim: to provide empirical validity to the hypothesis that the cause of recurring economic crises or slumps in output, investment, and employment in modern economies can be found in Marx’s law of the tendential fall in the rate of profit. Marx believed, and we agree, that this is ‘the most important law in political economy.’” —from the preface