... function of the profit rate (and, thus, of the labor cost), and the movements of wages are influenced by the value and variations of the profit rate The rise of the labor cost impacts on the profit ... ultimately reflects the dual functions of money as the abstract representation and measure of value, on the one hand, and as the medium of circulation and exchange, on the other hand When money functions ... Marx’s theory of the rate of interest, therefore, is that there is an average rate that lies somewhere between zero and the average rate of profit, 40 The economics of financial turbulence and a...