Preface List of Tables and Figures Advice to Readers 1 Marx's Value Theory and the Law of the Tendential Fall in the Rate of Profit 1 The Development of the LTFRP and Its Significance 2 Criticisms of the Law 3 Summary 2 Devaluation 1 Formalisms, Models and Method 2 Devaluation and Value 3 Historical Cost, Input Cost and Output Cost 4 Measuring Devaluation 5 The MELT and Revaluation 6 The Rate of Profit, the Rate of Accumulation and the Rate of Growth 7 Conclusion 8 Appendix: A Counter-example to the Okishio Theorem Using Current Cost Measures of the Rate of Profit 3 Turnover Time and the Organic Composition of Capital 1 Decomposing the Rate of Profit: Existing Approaches 2 The Stock of Variable Capital 3 The OCC 4 Conclusion 5 Appendix: Decomposing Changes in the Rate of Profit 4 Surplus Value, Profit and Output 1 The Forms of Appearance of Surplus Value 2 Unproductive Labour 3 Measuring Surplus Value after Unproductive Expenditures 4 The Value of Labour Power 5 Measuring Output 6 Differences between the Total Price and Total Value of Output 7 Surplus Value after Unproductive Expenditures 8 Profits from Production 9 Conclusion 10 Appendix A: Accounting Definitions 11 Appendix B: Decomposing Changes in the Rate of Profit from Production 12 Appendix C: Decomposing Rates of Profit When the Value of Labour Power Is Not Equal to Its Price 5 Marx on Finance 1 Money Dealing and Interest-Bearing Capital 2 Currency 3 Social Relations and Interest 4 Dynamics of the Interest Rate (I) 5 Money Capital and Fictitious Capital 6 Fictitious Capital and the Dynamics of the Interest Rate (II) 7 Conclusions 6 The Rate of Profit and Financial Rates of Return 1 The Separation between Financial Profits and Profits from Production 2 Fictitious and Non-fictitious Profits 3 The Non-fictitious Financial Rate of Return and the Interest Rate 4 Conclusion 5 Appendix: Accounting Definitions for Financial Rates of Return 7 Results 1 Output and Surplus Value 2 Measures of the Rate of Profit 3 Why the Rate of Profit Fell 4 The Rate of Profit and Financial Rates of Return 5 The Rate of Profit and the Interest Rate over the Long Term 8 Conclusions 1 The Rate of Profit and the Great Recession 2 Capital and Marx's Value Theory Bibliography Index.