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A Reply to Lianos's Critique

Published online by Cambridge University Press:  11 June 2009

Elias L. Khalil
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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.

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

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References

REFERENCES

Blaug, Mark. 1978. Economic Theory in Retrospect, Cambridge University Press, Cambridge.Google Scholar
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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
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