Weakness of Capital Output Ratio

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Weakness of Capital Output Ratio
Juan Slagter, United States
Capital output ratio relates to economic growth through changes in level of investment. But in failing to make the crucial link between differentials within the average rate of profit and magnitude/vector of investment fails to explain/grasp growth and development dynamics other than in tautological form. Which is unable to comprehend overaccumulation of capital on one side and growth without development on the other.



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