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New Left Review I/95, January-February 1976


Karl Schoer

Natalie Moszkowska and the Falling Rate of Profit

In nlr 86, Geoff Hodgson discussed the ‘tendency of the rate of profit to fall’. Though I agree with his general conclusions, I feel it is necessary to add some further arguments in order to make his refutation of the ‘law’ more convincing. [1] The author is very grateful to Bob Rowthorn, Simon Mohun and Melsene Brodersen for useful suggestions.

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