The dynamics of the profit rate in Spain (1954-2001)
- 2007
- p.543-61.
- Fall
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.