Earlier PENers discussed one of Marx's crisis theory--tendency for
the rate of profit to fall (FROP). Then there were discussions surrounding
Business Week's falling wages and productivity. I would like to know how
profit squeeze theorists can explain rising rates of profits with falling
real wages in the 1990s?
Fikret Ceyhun
Dept. of Economics e-mail: [EMAIL PROTECTED]
Univ. of North Dakota voice: (701)777-3348 office
University Station, Box 8369 (701)772-5135 home
Grand Forks, ND 58202 fax: (701)777-5099
