Unproductive spending threatens capitalism's stability, warns new research.
The article discusses the theory of the falling rate of profit and its impact on capital accumulation. The author clarifies their views on this theory, emphasizing its importance in understanding how capitalism works. The interpretation of this theory can also affect our understanding of economic laws and the role of the state. The article highlights the political implications of different interpretations, particularly in contrast to Keynesian ideas. Ultimately, the focus is on understanding how capital accumulation works in the context of this theory.