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The Falling Rate of Profit and the Great Recession of 2007-2009
A New Approach to Applying Marx’s Value Theory and Its Implications for Socialist Strategy
Peter H. Jones
Political Science / Political Ideologies / Communism, Post-Communism & Socialism
Jones also details a new theory of finance, which shows how cycles in the profit rate relate to stock market booms and slumps, and movements in the interest rate. He discusses the implications of the analysis and Marx and Engels’ work generally for a democratic socialist strategy.
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