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dc.contributor.authorBasu, Deepankaren
dc.contributor.authorVasudevan, Ramaaen
dc.date.accessioned2011-12-06-
dc.date.accessioned2012-09-25T07:18:40Z-
dc.date.available2012-09-25T07:18:40Z-
dc.date.issued2011-
dc.identifier.urihttp://hdl.handle.net/10419/64199-
dc.description.abstractThis 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.en
dc.language.isoengen
dc.publisher|aUniversity of Massachusetts, Department of Economics |cAmherst, MAen
dc.relation.ispartofseries|aWorking Paper |x2011-32en
dc.subject.jelB51en
dc.subject.jelE11en
dc.subject.ddc330en
dc.subject.keywordprofitabilityen
dc.subject.keywordtechnological changeen
dc.subject.keywordincome distributionen
dc.subject.keywordstructural crisisen
dc.titleTechnology, distribution and the rate of profit in the US economy: Understanding the current crisis-
dc.typeWorking Paperen
dc.identifier.ppn678418977en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:ums:papers:2011-32en

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