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Where Do We Go from Here

Author

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  • Duncan K. FOLEY

    (Barnard College, Columbia University, New York)

Abstract

Duménil and Levy's Economics of the Profit Rate makes major contributions to our theoretical and empirical understanding of advanced capitalist economies. Questions and problems for further research raised by their work concern their definition of stability, the relation of finance to production, the role of the profit rate in the Great Depression, the secular rise in real wages and the pattern of technical change in the U.S. economy, econometric problems identifying low frequency macroeconomic patterns, and the relation of the corporate revolution to macroeconomic performance

Suggested Citation

  • Duncan K. FOLEY, 1995. "Where Do We Go from Here," Discussion Papers (REL - Recherches Economiques de Louvain) 1995031, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    • Handle: RePEc:ctl:louvre:1995031
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    File URL: http://www.jstor.org/stable/40724093
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    More about this item

    JEL classification:

    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian
    • N12 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - U.S.; Canada: 1913-
    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian

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