The recent rise of profits in the United States

Edward N. Wolff

doi:10.1016/S0486-6134(01)00094-8

The recent rise of profits in the United States

Edward N. Wolff

Research output: Contribution to journal › Article › peer-review

Abstract

Profitability in the United States has been rising since the early 1980s, and by 1997 was nearing its postwar peak in the mid-1960s. The profit share has also recovered from its postwar low in the early 1970s. In this paper, I examine the role of the change in the profit share and capital intensity on movements in the rate of profit between 1947 and 1997. Its recent recovery is traced to a rise in the profit share in national income and a decline in the capital-output ratio.

Original language	English (US)
Pages (from-to)	315-324
Number of pages	10
Journal	Review of Radical Political Economics
Volume	33
Issue number	3
DOIs	https://doi.org/10.1016/S0486-6134(01)00094-8
State	Published - 2001

Keywords

E11
J30
Labor productivity
P17
Profits
Surplus value
Wages

ASJC Scopus subject areas

Philosophy
Economics and Econometrics

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10.1016/S0486-6134(01)00094-8

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KW - Profits

KW - Surplus value

KW - Wages

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The recent rise of profits in the United States

Abstract

Keywords

ASJC Scopus subject areas

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