Marx’s falling rate of profit claim remains empirically contested and unproven.
Evidence
- The “tendency for the rate of profit to fall” is a claim by Karl Marx that—because of the complexity of empirically proving such a complex phenomenon—continues to be debated. The data used here comes from the World Profitability Dashboard and its accompanying article: Deepankar Basu, Julio Huato, Jesus Lara Jauregui, and Evan Wasner, “World Profit Rates, 1960–2019,” Review of Political Economy (2022). — Andrew deWaard, Derivative Media, 561
The “tendency for the rate of profit to fall” is a claim by Karl Marx that—because of the complexity of empirically proving such a complex phenomenon—continues to be debated. — Andrew deWaard, Derivative Media, 561
Categorization
- QUESTION: The debate over the law’s empirical validity is worth chasing to assess the book’s underlying profit-rate data.
- corroborated: 2 independent passages support this claim — Andrew deWaard, Derivative Media: How Wall Street…, 561