Maturity and Stagnation in American Capitalism |
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Page 192
... Trend and the Cycle All along this book has dealt only with the explanation of the trend . The problem of the trade cycle has been left aside , with the implication that it could be dealt with separately . This is admittedly a great ...
... Trend and the Cycle All along this book has dealt only with the explanation of the trend . The problem of the trade cycle has been left aside , with the implication that it could be dealt with separately . This is admittedly a great ...
Page 193
... trend will presumably be determined in a more complicated fashion . Will our hypothesis then still retain its role as a predominant factor in the explanation of the trend , or might it perhaps be incapable altogether of explaining a trend ...
... trend will presumably be determined in a more complicated fashion . Will our hypothesis then still retain its role as a predominant factor in the explanation of the trend , or might it perhaps be incapable altogether of explaining a trend ...
Page 232
... trend rate of accumulation is constant , but only that it changes relatively slowly . In a modern interpretation , we would say that it is to a large extent determined by the trend of capital accumulation in the past , which conveys a ...
... trend rate of accumulation is constant , but only that it changes relatively slowly . In a modern interpretation , we would say that it is to a large extent determined by the trend of capital accumulation in the past , which conveys a ...
Contents
A priori reasons for a decline in share yields | 145 |
Data relating to the development of Joint Stock Companies | 148 |
The net effect of the joint stock system | 153 |
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Common terms and phrases
amount assume assumption business capital capital accumulation capital intensity capital stock capitalists cent compensatory borrowing competitive considerable constant Das Kapital debt decline degree of utilisation depreciation determined differential distribution cost dividends economic effect entrepreneurs equation equipment excess capacity explain factors fall greater gross capital gross profit margins growth of capital imperfect competition important increase influence internal accumulation investment Kuznets labour level of utilisation limit long run manufacturing marginal firms marginal producer margins at given Marx national income net profit margin normal profits obtained oligopolistic oligopolistic industries oligopoly period positive possible price cutting profit rate proportion rate of growth rate of profit ratio of capital real wages realised reciprocal gearing ratio reduced relation relative rise selling costs selling methods share issues share of wages steel surplus value Table technical tendency theory total savings trend utilisation of capacity value added WAGES IN VALUE yield