Falling Rate of Profit in the Post war J-Economy—Empirically Estimated

摘要

@@Marx emphasized that economist thought inverted over explanatory controversies forthe tendency of falling profit rate.J. S. Mill's (1806-1873) solution of that problem was harmonized with contradicted twofaced tendencies; Mill's "stationary state" are realized this harmonic and utopiancombination. The general tendency of the rate of profit to fall and the counter-acting factorswere consistent with the social and human development.Marx's argument pointed out not only the two factors inconsistency but alsocontradictory consequences; Mill's "stationary state" was not realistic premise when weanalyzed modem capitalist economy.