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A priori reasons for a decline in share yields
Data relating to the development of Joint Stock Companies
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amount assume assumption business capital capital accumulation capital intensity capital stock capitalists characteristic equation companies considerable constant debt decline degree of utilisation depreciation determined differential distribution cost dividends economic effect entrepreneurs equation equipment excess capacity explain factors fall greater gross capital gross profit margins growth of capital imperfect competition important increase influence internal accumulation investment Kuznets labour level of utilisation limit long run manufacturing marginal firms marginal producer margins at given Marx moving averages national income normal profits obtained oligopolistic industries oligopoly period positive possible price cutting profit rate proportion rate of growth rate of profit ratio of capital real roots real wages reciprocal gearing ratio reduced relation relative rise sector selling costs share issues share of wages steel structural coefficients surplus value Table technical tendency theory total savings trend utilisation of capacity value added Wages in Value yield