The Falling Rate of Profit and the Great Recession of 2007-2009 A New Approach to Applying Marxs Value Theory and Its Implications for Socialist Strategy

‎Contents
‎Preface
‎Tables and Figures
‎Advice to Readers
‎Chapter 1. Marx’s Value Theory and the Law of the Tendential Fall in the Rate of Profit
	‎1. The Development of the LTFRP and Its Significance
	‎2. Criticisms of the Law
	‎3. Summary
‎Chapter 2. Devaluation
	‎1. Formalisms, Models and Method
	‎2. Devaluation and Value
	‎3. Historical Cost, Input Cost and Output Cost
	‎4. Measuring Devaluation
	‎5. The MELT and Revaluation
	‎6. The Rate of Profit, the Rate of Accumulation and the Rate of Growth
	‎7. Conclusion
	‎8. Appendix: A Counter-Example to the Okishio Theorem Using Current Cost Measures of the Rate of Profit
‎Chapter 3. Turnover Time and the Organic Composition of Capital
	‎1. Decomposing the Rate of Profit: Existing Approaches
	‎2. The Stock of Variable Capital
	‎3. The OCC
	‎4. Conclusion
	‎5. Appendix: Decomposing Changes in the Rate of Profit
‎Chapter 4. Surplus Value, Profit and Output
	‎1. The Forms of Appearance of Surplus Value
	‎2. Unproductive Labour
	‎3. Measuring Surplus Value after Unproductive Expenditures
	‎4. The Value of Labour Power
	‎5. Measuring Output
	‎6. Differences between the Total Price and Total Value of Output
	‎7. Surplus Value after Unproductive Expenditures
	‎8. Profits from Production
	‎9. Conclusion
	‎10. Appendix A: Accounting Definitions
	‎11. Appendix B: Decomposing Changes in the Rate of Profit from Production
	‎12. Appendix C: Decomposing Rates of Profit When the Value of Labour Power Is Not Equal to Its Price
‎Chapter 5. Marx on Finance
	‎1. Money Dealing and Interest-Bearing Capital
	‎2. Currency
	‎3. Social Relations and Interest
	‎4. Dynamics of the Interest Rate (I)
	‎5. Money Capital and Fictitious Capital
	‎6. Fictitious Capital and the Dynamics of the Interest Rate (II)
	‎7. Conclusions
‎Chapter 6. The Rate of Profit and Financial Rates of Return
	‎1. The Separation between Financial Profits and Profits from Production
	‎2. Fictitious and Non-fictitious Profits
	‎3. The Non-fictitious Financial Rate of Return and the Interest Rate
	‎4. Conclusion
	‎5. Appendix: Accounting Definitions for Financial Rates of Return
‎Chapter 7. Results
	‎1. Output and Surplus Value
	‎2. Measures of the Rate of Profit
	‎3. Why the Rate of Profit Fell
	‎4. The Rate of Profit and Financial Rates of Return
	‎5. The Rate of Profit and the Interest Rate over the Long Term
‎Chapter 8. Conclusions
	‎1. The Rate of Profit and the Great Recession
	‎2. Capital and Marx’s Value Theory
‎Bibliography
‎Index