CHANGEMENT TECHNIQUE A LA MARX ET LE TAUX DE PROFIT
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TECHNICAL CHANGE A LA MARX AND THE PROFIT RATE
This paper elaborates on the analysis developed by Marx in Capital of the existence of a number of underlying historical tendencies within capitalism, concerning technical change and distribution, and, in particular, a declining profit rate (Capital, Vol. III, Ch. 13 to 15). The demonstration hinges on Marx's view that the emergence of new techniques is biased toward capital-consuming innovations, a transformation which is reflected in quite specific features of technical change: the increasing technical and organic compositions of capital.
G. Duménil, D. Lévy, "Technical Change à la Marx and the Profit Rate, pp. 55-74", 1994, in M. Glick, Competition, Technology and Money: Classical and Post-Keynesian Perspectives, Edward Elgar : Aldershot, England.