Maturity and Stagnation in American Capitalism

assume assumption average business capital capital accumulation capital stock capitalists cent concentrated industries considerable constant Das Kapital debt decline degree of utilisation demand depreciation determined differential distribution cost dividends economic effect elasticity entrepreneurs equation equipment excess capacity explain factors function gearing ratio greater gross capital gross profit margins growth of capital imperfect competition important increase inelastic influence internal accumulation investment 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 industries oligopoly period plant possible price cutting profit rate progressive firms proportion rate of growth rate of profit ratio of capital real capital real wages reduced relative sales effort sector selling costs selling methods share issues share of wages steel surplus value Table technical tendency theory trend utilisation of capacity value added value of product WAGES IN VALUE