Overview

Has the rate of profit been falling the US or other industrialized countries? What are the factors that are directly responsible for its increase over time and what factors account for its decline? The rate of profit is one of the most important economic variables. It directly affects the rate of growth of an economy, both as a source of funds for new investment and as an inducement for new investment. It also has a direct bearing on the distribution of income within an economy, particularly between wage earners and owners of capital. Its movement over time is thus a major source of concern for the business community, the working populaton and public policy. The present volume aims to fill an important gap in the literature on this important economic and policy issue. This collection undertakes a rigorous statistical analysis of both profitability trends in the US and other advanced economies and of the factors that affect movement over time.

Full Product Details

9781852785574

Table of Contents

Reviews

'[A] theoretically rich and diverse volume.' -- Co operative and Economic News Service 'But the importance of this collection of papers is that it analyzes a decisive aspect of reality neglected by mainstream economics.' -- Alejandro Valle Baeza, Science & Society

`[A] theoretically rich and diverse volume.' -- Co operative and Economic News Service `But the importance of this collection of papers is that it analyzes a decisive aspect of reality neglected by mainstream economics.' -- Alejandro Valle Baeza, Science & Society

Author Information

Edited by Fred Moseley, Associate Professor of Economics, Mount Holyoke College and Edward N. Wolff, Professor of Economics, New York University, US

Tab Content 6

Customer Reviews

Recent Reviews

Countries Available