[Marxism] Fwd: UNAM 1 – The profit investment nexus | Michael Roberts Blog

Louis Proyect lnp3 at panix.com
Thu Mar 8 06:05:48 MST 2018

My first lecture to the economics faculty of the Autonomous National 
University of Mexico (UNAM) was on the relationship between profits and 
profitability and investment and economic growth in capitalist 
economies. Do profits and profitability lead investment and GDP into 
slumps and out of them, or vice versa?  In my view, this is one of the 
big divisions between the Keynesian and Marxist theory of crises, or 
booms, slumps and depressions in capitalism. For all the references to 
research etc made below, see my paper: The profit investment nexus


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