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Okishio's theorem
Okishio's theorem states that, if a firm raises its rate of profit by introducing a new technique of production, in which less labour is needed on one side, but more means of production on the other side, that this also for the economy as a whole leads to a higher rate of profit, if this new technique of production has spread through the whole branch - under the assumption, that real wages or the commodity basket workers get for their labour power has not been enlarged but remained constant.
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