Post by: Alan Freeman

EconoFiction

THE PROFIT RATE IN THE PRESENCE OF FINANCIAL MARKETS: A NECESSARY CORRECTION

6 Apr , 2016  

… Most commentators agree on one point: that financial firms do not produce value but appropriate it from value produced elsewhere. They are in some sense not ‘normal capitalists’. This is true, but they do not function without capital. The unaddressed  question is: what does this consist of? The answer ...

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