68
views
0
recommends
+1 Recommend
0
shares
    • Review: found
    Is Open Access

    Review of 'Endless Accumulation, Limits to Growth, and the Tendency for the Rate of Profit to Fall'

    Bookmark
    3
    Endless Accumulation, Limits to Growth, and the Tendency for the Rate of Profit to FallCrossref
    The article proposes a new model to analyze profit rate
    Average rating:
        Rated 3.5 of 5.
    Level of importance:
        Rated 4 of 5.
    Level of validity:
        Rated 3 of 5.
    Level of completeness:
        Rated 3 of 5.
    Level of comprehensibility:
        Rated 3 of 5.
    Competing interests:
    None

    Reviewed article

    • Record: found
    • Abstract: found
    • Article: found
    Is Open Access

    Endless Accumulation, Limits to Growth, and the Tendency for the Rate of Profit to Fall

    Minqi Li (2016)
    This article proposes a simple new model that helps to analyze the long-term movement of the profit rate. The article applies the new model to the United States and China, the world's two largest economies, to illustrate how the new model may help analyze the global capitalist crisis in the 21st century. In the new model, the long-term movement of the profit rate depends on the long-term average economic growth rate and the ratio of accumulation. As the capitalist economy stagnates and ecological sustainability imposes constraints on future economic growth, capitalism may have exhausted its historical capacity to check the tendency for the rate of profit to fall.
      Bookmark

      Review information

      10.14293/S2199-1006.1.SOR-ECON.AHNGIE.v1.RRRPJC
      This work has been published open access under Creative Commons Attribution License CC BY 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. Conditions, terms of use and publishing policy can be found at www.scienceopen.com.

      Political economics
      the Chinese economy,profit rate,the US economy,crisis,accumulation
      Keywords:

      Review text

      The article presents an interesting and relevant topic by proposing a new model to analyze the long-term movement of the profit rate and its relationship with capitalist accumulation. The application of the new model to the US and China provides useful insights into the global capitalist crisis in the 21st century. The article is well-written and the arguments are logically developed. However, more explanation on the new model and how it differs from previous models would be helpful. Also, the article could benefit from more empirical evidence to support the claims made.

      Comments

      Comment on this review

      Version and Review History