“Zirkel vicieux” or Trend Fall? The Course of the Profit Rate in Marx'sCapital III
梳理了马克思《资本论》第三卷手稿，指出利润率下降趋势理论更偏向周期性波动解释，而非长期趋势性下降，后者更可能是恩格斯编辑时的观点。
Of Marx's theory of 'the tendency of the rate of profit to fall' -set out in Capital III Engels's edition 1894) -there are two main interpretations.For the first it is a theory of a trend-fall of the profit rate; for the second it is a theory of cyclical development of that rate.Both interpretations, however, are countered with inconsistencies in that text.This paper shows that Marx's manuscript of Capital III (1864-65) is less ambiguous, leaning more towards the interpretation of cyclical development, and that the first interpretation more likely expresses Engels's view on the matter. 'Zirkel vicieux' or trend fall?; the course of the profit rate in Marx's 'Capital III'Geert Reuten (University of Amsterdam, Department of Economics)