This 11 page essay explores the development of the Marxian "Law of the Tendency of the Rate of Profit to Fall" in the more complex, more 'thought-concrete', more determinations-rich categorial context of FIXED CAPITAL and WORLD-MARKET...
moreThis 11 page essay explores the development of the Marxian "Law of the Tendency of the Rate of Profit to Fall" in the more complex, more 'thought-concrete', more determinations-rich categorial context of FIXED CAPITAL and WORLD-MARKET COMPETITION. This means taking into account the impact of accelerating technological obsolescence depreciation -- "moral depreciation" [Marx] -- on industrial-capital and loan capital profitability and capital-value-loss, and the role of 'capital-inflation' as well as of prices-inflation -- the former via accelerated accumulation of 'parasitic pseudo-capital', of two kinds -- on the causation of capitalist socio-economic CRISES, and the role of 'capital-deflation', the destruction of capital as such, destroying both productive capital and non-productive, 'parasitic pseudo-capital', in the recovery from such crises.