Technological change, capital accumulation, and changing trade patterns over the long term
In: Structural change and economic dynamics, Band 6, Heft 1, S. 43-70
ISSN: 1873-6017
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In: Structural change and economic dynamics, Band 6, Heft 1, S. 43-70
ISSN: 1873-6017
In: The American prospect: a journal for the liberal imagination, S. 58-64
ISSN: 1049-7285
In: The American prospect: a journal for the liberal imagination, Heft 22, S. 58-64
ISSN: 1049-7285
In: Science & society: a journal of Marxist thought and analysis, Band 58, Heft 2, S. 204-210
ISSN: 0036-8237
In: New York University journal of international law & politics, Band 25, Heft 2, S. 263
ISSN: 0028-7873
In: The Geneva papers on risk and insurance - issues and practice, Band 16, Heft 2, S. 173-190
ISSN: 1468-0440
In: Review of radical political economics, Band 18, Heft 1-2, S. 87-109
ISSN: 1552-8502
I find that the general rate of profit in the United States economy remained fairly stable from 1947 to 1967 and then declined sharply between 1967 and 1976. I argue that the movement of the rate of profit over time is a result of two factors: (1) the rate of growth of labor productivity and (2) the rate of growth of the real wage. During the period from 1947 to 1967, the two moved in concert, while in the latter period real wage growth exceeded that of labor productivity. The decline in the profit rate after 1967 is thus a consequence of a profit squeeze, which in turn was induced primarily by the sharp slowdown in labor productivity growth. Though real wage growth also fell after 1967, it did not fall to the same degree, primarily because of large increases in social security contributions.
In: Journal of political economy, Band 83, Heft 5, S. 935-949
ISSN: 1537-534X
In: ECB Working Paper No. 1300
SSRN
In: Eastern economic journal: EEJ, Band 33, Heft 4, S. 443-470
ISSN: 1939-4632
In: The journal of human resources, Band XXXIX, Heft 1, S. 193-227
ISSN: 1548-8004
SSRN
Working paper
In: International journal of public administration, Band 24, Heft 10, S. 1061-1081
ISSN: 1532-4265
In: World development: the multi-disciplinary international journal devoted to the study and promotion of world development, Band 25, Heft 10, S. 1627-1637
In: World development: the multi-disciplinary international journal devoted to the study and promotion of world development, Band 25, Heft 10, S. 1627
ISSN: 0305-750X