Why Long-Run Theories of Profit and Accumulation Fall Short
by Philip Pilkington
Nothing gets heterodox economists quite so fussed as the long-run theory of the rate of profit. Yet, Keynes did without one altogether and when examined closely there is no way that such a theory can say anything tangible about the real world. In order to lay this out I am going to take my leave from Joan Robinson’s excellent book Economic Heresies: Some Old-Fashioned Questions in Economic Theory.
Source: http://econintersect.com/a/blogs/blog1.php/why-long-run-theories-of
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