Hostname: page-component-586b7cd67f-2brh9 Total loading time: 0 Render date: 2024-11-27T21:33:36.083Z Has data issue: false hasContentIssue false
  • English
  • Français

A Reply to Lianos's Critique

Published online by Cambridge University Press:  11 June 2009

Elias L. Khalil
Get access Rights & Permissions [Opens in a new window]

Extract

Theodore P. Lianos (1995) agrees with the primary thesis of my paper (Khalil 1994), namely, if Karl Marx's theory is correct about the tendency of the rate of profit to fall in capitalist production, it should imply that all modes of production (including socialist production) also suffer from the tendency. Lianos raises two issues. One is secondary and the other is irrelevant.

Type
Articles
Information
Journal of the History of Economic Thought , Volume 17 , Issue 2 , Fall 1995 , pp. 313 - 315
Copyright
Copyright © Cambridge University Press 1995

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

REFERENCES

Blaug, Mark. 1978. Economic Theory in Retrospect, Cambridge University Press, Cambridge.Google Scholar
Cherry, Robert, et al. eds. 1987. The Imperiled Economy, Book I, Union for Radical Political Economics, New York.Google Scholar
Khalil, Elias L. 1992. “Marx's Understanding of the Essence of Capitalism” History of Economics Review, 17, 19–32.CrossRefGoogle Scholar
Khalil, Elias L. 1994. “The Implication for Socialism of Marx's Theory of the Tendency of the Rate of Profit to Fall” Journal of the History of Economic Thought, 16, Fall, no. 2, 292–309.CrossRefGoogle Scholar
Lianos, Theodore P. 1995. “The Rate of Profit and Crises in a Socialist Economy” Journal of the History of Economic Thought, 17, Fall, no. 2.CrossRefGoogle Scholar
Marx, Karl. 1976. Capital, 1, Penguin and New Left Books, London.Google Scholar