What is it about?
The purpose of this article is twofold. On the one hand, to present a growth account of the evolution of the value composition of capital and in so doing to deal with some of the issues raised by Zarembka’s (2015) contribution. And on the other hand, to review some crucial relations between the variables that relate to the movement of the rate of profit and the current predicament.
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Why is it important?
Growth accounting of the constituent components of the various compositions of capital (organic composition of capital, value composition, the material composition of capital) into technical, distribution, price and demand effects.
Perspectives
This note was stimulated by Zarembka's (2015) RRPE article according to which the materialized composition of capital is more or less trendless. The findings of my article show that the technical factor effect dominates the distribution, price and demand effects, in the post-2000 years.
Dr Lefteris Tsoulfidis
University of Macedonia
Read the Original
This page is a summary of: Growth Accounting of the Value Composition of Capital and the Rate of Profit in the U.S. Economy: A Note Stimulated by Zarembka’s Findings, Review of Radical Political Economics, November 2015, SAGE Publications,
DOI: 10.1177/0486613415616214.
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