The Law of the Tendential Fall in the General Rate of Profit > with the Advance of Capitalist Production

2016 ◽  
pp. 320-375
Keyword(s):  
Capitalist Production ◽  
The Law ◽  
Rate Of Profit

The Implication for Socialism of Marx's Theory of the Tendency of the Rate of Profit to Fall

1994 ◽  
Vol 16 (2) ◽  
pp. 292-309 ◽  
Author(s):  
Elias L. Khalil
Keyword(s):  
Karl Marx ◽  
Capitalist Production ◽  
Capitalist Mode ◽  
Ideal Form ◽  
The Subject ◽  
Per Se ◽  
The Law ◽  
Rate Of Profit ◽  
Mode Of Production

It is clear from the enormous literature on the subject that Karl Marx believed that his law of the tendency of the rate of profit to fall is applicable only to the capitalist mode of production. Is there, however, really anything in the law which confines it specifically to capitalist production? This is an important question which is not asked in an explicit manner in the literature on Marx's economics. His most important law or tendency about the internal contradictions of capitalist production might turn out to be a characteristic of production per se—including socialist production in its ideal form.

scholarly journals A "Primeira Versão" da Teoria da Crise de Marx: a queda da massa de mais-valia social e o limite interno absoluto do capital

2019 ◽  
Vol 49 (1) ◽  
pp. 163-203
Author(s):  
Nuno Miguel Cardoso Machado
Keyword(s):  
Surplus Value ◽  
Capitalist Economy ◽  
Organic Composition ◽  
The Absolute ◽  
The Law ◽  
Rate Of Profit ◽  
Composition Of Capital

Abstract Marx's theory of crisis is usually associated with the law of the tendential fall in the rate of profit presented in volume three of Capital. According to Marx, the rising organic composition of capital - the fact that variable capital grows in absolute terms, but falls relatively because of the faster growth of constant capital - results in the fall of the general rate of profit, which undermines the reproduction of capital. In this article I will argue that: i) there is a "first version" of Marx's theory of crisis, outlined especially in the Grundrisse, which ascribes the secular crisis of the capitalist economy to the absolute decline of living labour and, therefore, to the falling mass of socially produced surplus-value; ii) only this "first version" of the theory of crisis allows the absolute internal limit of capital to be deduced consistently.

scholarly journals Break or Continuity? Friedrich Engels and the Critique of Digital Surveillance

2020 ◽  
Vol 19 (1) ◽  
pp. 97-112
Author(s):  
Dimitrios Kivotidis
Keyword(s):  
Political Economy ◽  
Direct Result ◽  
Democratic Accountability ◽  
Digital Platforms ◽  
Digital Surveillance ◽  
Friedrich Engels ◽  
The Law ◽  
Theory Of Value ◽  
Rate Of Profit ◽  
Analytical Tools

This paper is a contribution to the argument that Engels’s work remains topical and may provide us with the analytical tools necessary to approach contemporary manifestations of capitalist contradictions. Based on Engels’s work on political economy (with emphasis on his contribution to the labour theory of value and the articulation of the law on the tendency of the rate of profit to fall) it will critically review the concept of “surveillance capitalism” as developed by Shoshana Zuboff, in order to explain central aspects of the process of digital surveillance. In particular, it will criticise the view expressed by Zuboff that surveillance capitalism constitutes a break with capitalism’s past and can be tamed through an enhancement of democratic accountability and regulation. Marxist contributions to the critique of digital surveillance have already approached this phenomenon in a many-sided manner. This paper builds upon these contributions and suggests that the exponential growth of digital platforms can be explained as a direct result of the development of capitalist contradictions, especially the contradiction between productive forces and relations of production as expressed in the law of the falling rate of profit.

Chapter 15 Exposition of the Internal Contradictions of the Law

Capital ◽  
2008 ◽  
Author(s):  
Karl Marx
Keyword(s):  
Surplus Value ◽  
The Law ◽  
Rate Of Profit

I. General We have seen in the first part of this book that the rate of profit expresses the rate of surplus-value always lower than it actually is. We have just seen that even a rising rate of surplus-value has a tendency to express itself...

scholarly journals MEREVIU BASIS PEMAJAKAN PERUSAHAAN PELAYARAN NASIONAL BERDASARKAN “DEEMED PROFIT” ATAS PENGHASILAN DARI USAHA ANGKUTAN LAUT

2018 ◽  
Vol 8 (2) ◽  
pp. 112-140
Author(s):  
Chairil Anwar Pohan
Keyword(s):  
Income Tax ◽  
Tax Rates ◽  
Net Income ◽  
Tax Base ◽  
Tax Rate ◽  
Shipping Company ◽  
Flat Rate ◽  
The Law ◽  
Time Changes ◽  
Rate Of Profit

Since Legislative Assembly approved Law No. 7 of 1983 on Income Tax, as last amended by the Law No. 36 of 2008 (so there are four time changes, namely by the Law No. 7 of 1991, then No. 10 of 1994, furthermore No. 17 of 2000 and the last No. 36 of 2008), but the base of the domestic and overseas shipping company taxation which apply Special Calculation Norm of Net Income (deemed profit) for the national and overseas shipping companies taxpayers with the application of Article 15 of the Income Tax (Final Tax) did not change either in the tax rates and the tax bases, whereas the corporate tax rate (Article 17 paragraph 1) has changed from the Law No. 7 of 1983 with progressive rates levying at the rate of 10% -35% with the last change to a flat rate of 25% in the Law No. 36 of 2008. Similarly, the Tax Base used appear to have been unreasonable to overseas shipping Net Income amounted to 6%. Tax Base which reflects the rate of return the company is used as a base taxation income tax shipping company seems too low, compared with the rate of profit (net profit after tax) obtained by shipping companies at home and abroad. These conditions certainly result in low tax revenue from the shipping sector, and on the other aspects of the fulfillment of tax fairness rules also disrupted due to the shipping company suffered a loss nonetheless pay a final tax (VAT Article 15).

Sign in / Sign up

Export Citation Format

Share Document