The dynamics of the profit rate in Spain (1954-2001)
By: Izquierdo, Sergio Camara.
Material type:
ArticlePublisher: 2007Description: p.543-61.Subject(s): Profits
In:
Review of Radical Political EconomicsSummary: the article evaluates the Spanish economy from 1954 to 2001 from the standpoint of capital profitability. the profit rate combines a cyclical behaviour caused by evolution of income distribution and a downward trend caused by increase in capital composition. Increase in capital composition is caused by mechanization of the economy, while the evolution of income distribution is conditioned by a particular performance of real wages. - Reproduced.
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Articles
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Indian Institute of Public Administration | Volume no: 39, Issue no: 4 | Available | AR77492 |
the article evaluates the Spanish economy from 1954 to 2001 from the standpoint of capital profitability. the profit rate combines a cyclical behaviour caused by evolution of income distribution and a downward trend caused by increase in capital composition. Increase in capital composition is caused by mechanization of the economy, while the evolution of income distribution is conditioned by a particular performance of real wages. - Reproduced.
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