THE HISTORICAL PEAK OF THE RATE OF SURPLUS VALUE AND THE “NEW NORMAL” OF THE CHINESE ECONOMY: A POLITICAL ECONOMY ANALYSIS
Hao Qi. Revista de Economia Contemporânea (2018) 22(1): p. 1-22
This paper reports a homogeneous series of the rate of surplus value (RSV, hereaf-
ter) for the Chinese economy using a Marxian approach. This approach highlights
the division between productive labor and unproductive labor, and argues that the
value that unproductive labor obtains is a transfer of surplus value.