The recent rise of profits in the United States

Edward N. Wolff

    Research output: Contribution to journalArticle

    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 languageEnglish (US)
    Pages (from-to)315-324
    Number of pages10
    JournalReview of Radical Political Economics
    Volume33
    Issue number3
    DOIs
    StatePublished - 2001

    Keywords

    • E11
    • J30
    • Labor productivity
    • P17
    • Profits
    • Surplus value
    • Wages

    ASJC Scopus subject areas

    • Philosophy
    • Economics and Econometrics

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