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The recent rise of profits in the United States

Author

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  • Edward N. Wolff

    (Department of Economics, New York University, New York, NY 10003, USA; Tel.: + 1-212-998-8900; fax: + 1-212-995-4186. edward.wolff@Pnyu.edu)

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.

Suggested Citation

  • Edward N. Wolff, 2001. "The recent rise of profits in the United States," Review of Radical Political Economics, Union for Radical Political Economics, vol. 33(3), pages 315-324, September.
    • Handle: RePEc:sae:reorpe:v:33:y:2001:i:3:p:315-324
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    Cited by:

    1. Mateo Tomé, Juan Pablo, 2015. "The contradictory path of the capital accumulation process in Spain under the Euro," Economics Discussion Papers 2015-3, School of Economics, Kingston University London.
    2. Luiz Carlos Bresser-Pereira, 2018. "Growth and distribution: a revised classical model," Brazilian Journal of Political Economy, Center of Political Economy, vol. 38(1), pages 3-27.
    3. Alexei Izyumov & Trista Claxon, 2009. "Models of Capitalism and Income Distribution in Transition Economies: A Comparative Perspective," Journal of Economic Issues, Taylor & Francis Journals, vol. 43(3), pages 733-758.

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