James Doughney

The declining rate of profit: Déjà vu all over again
James Doughney responds to William Jefferies critique of his article “Marx was wrong about the declining rate of profit. Isn’t it time we put this false idea to rest?”.

Marx was wrong about the declining rate of profit. Isn’t it time we put this false idea to rest?
James Doughney — Careful attention to Marx’s exposition of the theory of the declining rate of profit demonstrates that his theory is not coherent, even in its own terms.

Lenin’s ‘Imperialism’: A critical survey of the economic arguments
James Doughney — Lenin’s definition of imperialism offers a comprehensive, interlocking theory, which is why it is not so easy to excise bits and for it to remain Lenin’s theory.