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Tendency of the rate of profit to fall
The tendency of the rate of profit to fall, commonly abbreviated to TRPF, is a hypothesis in economics and political economy, generally accepted in the 19th century, but mostly rejected by mainstream economists today. Economists as diverse as Adam Smith and Stanley Jevons noticed a long-run empirical trend for the return on capital invested in industries to decline, but the theorem was most famously expounded by Karl Marx in chapter 13 of Das Kapital Vol.
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