|
EconStor >
University of Massachusetts (UMass Amherst) >
Department of Economics, University of Massachusetts >
Working Papers, Department of Economics, University of Massachusetts >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/64199
|
| | |
| Title: | | Technology, distribution and the rate of profit in the US economy: Understanding the current crisis  |
| Authors: | | Basu, Deepankar Vasudevan, Ramaa |
| Issue Date: | | 2011 |
| Series/Report no.: | | Working Paper, University of Massachusetts, Department of Economics 2011-32 |
| Abstract: | | This paper offers a synoptic account of the state of the debate within Marxist scholars regarding the current structural crisis of capitalism, identifies two broad streams within the literature dealing, in turn, with aggregate demand and profitability problems, and proceeds to concentrate on an analysis of issues surrounding the profitability problem in two steps. First, evidence on profitability trends for the Nonfarm Nonfinancial Corporate Business, the Nonfinancial Corporate Business and the Corporate Business sectors in post-War U.S. are summarized. A broad range of profit rate measures are covered and data from both the U.S. Bureau of Economic Analysis (NIPA and Fixed Asset Tables) and the Federal Reserve (Flow of Funds Account) are used. Second, the underlying drivers of profitability, in terms of technology and distribution, are investigated. The profitability analysis is used to offer some hypotheses about the current structural crisis. |
| Subjects: | | profitability technological change income distribution structural crisis |
| JEL: | | B51 E11 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Working Papers, Department of Economics, University of Massachusetts
|
| Files in This Item:
| |
|
| No. of Downloads:
| |
| last Month |
last 3 Month |
total |
|
|
|
|
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/64199
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|