[35]This point is, however, later admitted ([p. 337]).
[37]See [p. 259.] Marx himself failed to get this point clear. Cf. my Essay on Marxian Economics, chap. v.
[38]Cf. Kalecki, Essays in the Theory of Economic Fluctuations, pp. 14 et seq.
[40]See [p. 314]. Marx did not find himself in this dilemma because he held that there is a fundamental ‘contradiction’ in capitalism which shows itself in a strong tendency for the rate of profit on capital to fall as technical progress takes place. But Rosa Luxemburg sees that the tendency to a falling rate of profit is automatically checked and may even be reversed if real-wage rates are constant ([p. 338]).
[42]One passage suggests that she sees the problem, but thinks it irrelevant to the real issue ([p. 342]).