'[A] theoretically rich and diverse volume.' -- Co operative and Economic News Service 'But the importance of this collection of papers is that it analyzes a decisive aspect of reality neglected by mainstream economics.' -- Alejandro Valle Baeza, Science & Society
Edited by Fred Moseley, Associate Professor of Economics, Mount Holyoke College and Edward N. Wolff, Professor of Economics, New York University, US
Introduction, Fred Moseley and Edward N. Wolff. Part 1 Trends in profitability in industrialized countries: a comparative analysis of profitability trends in advanced capitalist countries, Thomas Weisskopf; stages in the development of US capitalism - trends in profitability and technology since the Civil War, Gerard Dumenil, Mark Glick and Dominique Levy; unproductive labour and the rate of profit in the postwar US economy, Fred Moseley. Part 2 Sectoral analysis of profitability: structural change and the movement of the rate of profit in the US, Edward Wolff; using US input-output data for Marxian empirical research - values, production prices, and wage profit curves, Eduardo Ochoa; prices, wages and profits in Brazil - an input-output data analysis, 1975, Ednaldo Araquem da Silva and Jean-Luc Rosinger; the regimes of accumulation of the US - 1950, Michel Juillard. Part 3 Profitability, accumulation and the social wage: a Marxian-Keynesian theory of investment demand - empirical evidence, James Crotty and Jon Goldstein; technological change, distribution and stability, Gerard Dumenil and Dominique Levy; a negative social wage and the reproduction crisis of the 1980s, John Miller.