Correcting misconceptions about the falling profit rate due to increasing capital intensity. Marx's argument in chapter 3 of
Kapital was
cet. par. In chapter 4, he brings in conditions in which the rate will not fall.
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Marx for beginnersDavid F. Ruccio | Professor of Economics University of Notre Dame Notre Dame
Piketty felt he had to "distance himself" from the one who must be ignored. That is the most likely reason for his misinterpretation of the falling rate of profit.
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