Webber M, Tonkin S, 1988, "Technical changes and the rate of profit in the Canadian wood, furniture, and paper industries" Environment and Planning A 20(12) 1623 – 1643
Download citation data in RIS format
Technical changes and the rate of profit in the Canadian wood, furniture, and paper industries
M Webber, S Tonkin
Received 2 September 1987; in revised form 23 February 1988
Abstract. In this paper the rate of profit is examined and the components of changes in the rate of profit are identified in the wood, furniture, and paper industries of Canada for the years 1952 to 1981. The rate of profit in the wood industry generally rose, until a dramatic fall since 1979 onwards; this fall was largely due to a collapse of market prices and to the effects of that collapse on the technical composition of capital (via changes in the rate of capacity utilization). Profit rates in the furniture industry have generally been rising because the rate of exploitation has risen, even though techniques of production have changed only slowly. In the paper industry profit rates have generally fallen, in response to rapid changes in technology. There is generally short-run variation in the technical composition of capital, which, therefore, is affected by market conditions as well as the technology embodied in fixed capital.
Full-text PDF size: 2053 Kb
Your computer (IP address: 126.96.36.199) has not been recognised as being on a network authorised to view the full text or references of this article. This content is part of our deep back archive. If you are a member of a university library that has a subscription to the journal, please contact your serials librarian (subscriptions information).