1. Summarize Marx's argument that the rate of profit will tend to fall. What is the main cause of this decline?

2. How can the amount of surplus-value increase even though the rate of profit declines?

MOSELEY, "Marx's Theory of the Falling Rate of Profit"

An Encyclopedia entry which provides a brief summary.

ROSDOLSKY

1. What are the main criticisms of Marx's theory of the falling rate of profit made by Robinson and Sweezy, as presented by Rosdolsky?

2. What are Rosdolsky's responses to these criticisms?

ALCALAY

1. Summarize the "reserve army" version of Marxian crisis theory.

2. Summarize the "underconsumption" version of Marxian crisis theory.

3. Summarize the "falling profits" version of Marxian crisis theory.

4. Discuss the similarities and differences between these three versions of Marxian crisis theory.