Has the rate of profit been falling in industrialised countries? What are the factors that are responsible for its increase over time and what factors account for its decline. The rate of profit is a key economic variable. It directly affects the rate of economic growth, both as a source of...

Heterodox Economic Theories begins with a paper by Ian Steedman on Sraffian economics and the capital controversy. This is followed by papers on radical economics by Michael Reich and Marx’s economic analysis by Fred Moseley. Professor Moseley has also written an extensive introduction to the...