In New Writings


In this paper we analyze, from the TSS perspective, the effects of price changes on the profit rate of a given industrial capital. Firstly, we argue that the analysis of the effects of prices change must be done utilizing the concept of the circuit of industrial capital. Secondly, we show that from the standpoint of industrial capital prices changes not only affect the profit rate but it also affect – through the phenomena of revaluation/devaluation and release/tying-up of capital, and their reciprocal interrelationship – the amount of total capital advanced to the reproduction process.


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