An Analysis of the Postwar US Economy
"Edward Wolff has provided us with an analytical framework which richly describes general social productive and unproductive activity and their consequences for the postwar U.S. economy...Overall, this volume should prove to be a valuable resource to economists pursuing empirical analysis of value categories." Alexander M. Thompson III, Science and Society
Preface; 1. Introduction; 2. Unproductive activity in a capitalist society; 3. A Marxian accounting framework; 4. A growth model of accumulation and unproductive labor; 5. Rise of unproductive activity in postwar economy; 6. Absorption of labor and capital and rate of surplus value; 7. Absorption of new resources and growth in real income; 8. Conclusions and speculations; Appendix: data sources and methods; References; Index.