This Article Full Text (PDF) References Alert me when this article is cited Alert me if a correction is posted Citation Map Services Email this article to a friend Similar articles in this journal Alert me to new issues of the journal Add to Saved Citations Download to citation manager Request Permissions Request Reprints Add to My Marked Citations Citing Articles Citing Articles via Google Scholar Citing Articles via Scopus Google Scholar Articles by Maniatis, T. Search for Related Content Social Bookmarking                         What's this?

Marxian Macroeconomic Categories in the Greek Economy

Centre of Planning and Economic Research, 22 Hippokratous Street, 106 80 Athens, Greeceamaniatis{at}kepe.gr

This article presents an empirical analysis of the postwar Greek economy from a Marxist perspective. I discuss the methodological issues involved in the empirical definition and the measurement of key Marxian variables that describe the different facets of the process of income distribution and capital accumulation in a capitalist economy. Based on recent developments in Marxist empirical research, I calculate the rate of surplus value, the value and materialized composition of capital, the general Marxian rate of profit, and the net rate of profit for the 1958-1994 period. I evaluate the results in the context of Marx’s predictions about the long-run behavior of those variables in a capitalist economy and his theory of the falling rate of profit. The results provide empirical support for Marx’s theory, which appears to be a useful tool for the analysis of the postwar history and the prospects of the Greek economy.

Key Words: Greek economy • Marx • rate of profit

Review of Radical Political Economics, Vol. 37, No. 4, 494-516 (2005)
DOI: 10.1177/0486613405280802


CiteULike    Complore    Connotea    Del.icio.us    Digg    Reddit    Technorati    Twitter    What's this?