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Elusive Development

A blog about development challenges in the developing world

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Tag: falling rate of profit

Serbia in 2024: A Reflection of Global Capitalist Contradictions
  • Dmitry Pozhidaev
  • December 31, 2024December 31, 2024

Serbia in 2024: A Reflection of Global Capitalist Contradictions

First published at LINKS Introduction There are countries that shape global politics and those that are shaped by it. Serbia belongs to the latter. As a small nation on the receiving end of global

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Marx, Marginalism, and the True Nature of Capitalism
  • Dmitry Pozhidaev
  • November 10, 2024

Marx, Marginalism, and the True Nature of Capitalism

Karl Marx’s economic theory, despite being one of the most comprehensive critiques of capitalism, has often been criticized for lacking the mathematical rigor associated with modern economic anal

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Economic lessons for 2024: Marxist perspective
  • Dmitry Pozhidaev
  • December 27, 2023February 20, 2024

Economic lessons for 2024: Marxist perspective

As the year draws to a close, what are the economic takeaways? Global rate of exploitation increases The first big news: Marx is right. Some of us always knew it, but this year Tomás Rotta and Ris

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