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.  The author is very grateful to Bob Rowthorn, Simon Mohun and Melsene Brodersen for useful suggestions.
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