Disproving Joan Robinson's Interest Rate Theory
ebook ∣ Profit Economics Series, Book 59 · Profit Economics Series
By Hak Choi
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Karl Marx (1867) defined profit rate as the upper limit of interest rate, and claimed that actual interest rate must be somewhere below this limit. Detesting the uncertainty, Joan Robinson (1959) simply set interest rate to profit rate. This book disproves Robinson.
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