William Jefferies

Long wave theory, globalisation’s end, and the coming crises: An interview with William Jefferies
William Jefferies explores the usefulness of long wave theory for understanding the current moment, how globalisation reshaped the world economy, and the coming period of crisis.

The declining rate of profit: Avoiding the key issue
William Jefferies — James Doughney’s latest contribution to the discussion on Marx’s tendency of the rate of profit to fall avoids the key point: the relationship between the proportional rise in the mass of physical capital and productivity rate rises.

Was Marx wrong about the declining rate of profit?
William Jefferies — James Doughney’s attempted refutation of Karl Marx’s law of the tendency of the rate of profit to fall is thoughtful and thorough, but ultimately wrong.