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- W2358002010 abstract "The declining tendency of mean rate profits in capitalist countries pointed out by Marx revealed the nature of capitalist industrial economy. However, the author observes, it does not seem to be the case under knowledge economy. This phenomenon can be accounted for by several factors. For one thing the capital of knowledge is relatively independent, and gradually gains a decisive position in the economy. For another, the intension and values of the labor force have changed. As a result the growth of changeable capital is no longer slower than that of the unchangeable capital. In fact, under knowledge economy the changeable capital actually grows faster than the unchangeable capital. Thus, a decreasing tendency of the organic composition of the capital becomes apparent, with the mean rate of profits on the rise. Nevertheless, the author maintains, this tendency will not change the general principle and tendency of accumulation of capital in capitalist society." @default.
- W2358002010 created "2016-06-24" @default.
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- W2358002010 date "2001-01-01" @default.
- W2358002010 modified "2023-09-23" @default.
- W2358002010 title "Knowledge Economy and Tendency of Mean Rate of Profits in Capitalist Society" @default.
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