Abstract
Following the basic principles of classical Marxism Law of Average Rate of Profit,the paper introduces the change of subject condition of labor to the category of organic composition of capitals, dividing the organic composition of capitals into two parts(absolute organic composition of capitals and relative organic composition of capitals). Furthermore, the paper makes use of the timing sequences dynamic method to rebuild the dynamic model of Marxism Law of Average Rate of Profit, and then concludes that the average rate of profit may rise,fall,or keep constant.
| Translated title of the contribution | The Dynamic Model of Marxism Law of Average Rate of Profit |
|---|---|
| Original language | Chinese (Simplified) |
| Pages (from-to) | 42-55 |
| Number of pages | 14 |
| Journal | Journal of Economics of Shanghai School |
| Volume | 5 |
| Issue number | 2 |
| Publication status | Published - 2007 |
Keywords
- absolute organic composition of capitals
- relative organic composition of capitals
- extensional variable capitals
- intentional variable capitals