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Наименование:

The Manufacturing and the Non-Manufacturing Sectors The Falling Rate of Profits in West Germany.

Формат:      Страниц 128
     мягкая обложка
Издательство:
Книга по Требованию    
Год:2008
Цена:
2416 руб
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This study supports the claim that profit rate declines and restorations were dominantly, though not exclusively, caused by wage changes as opposed to technological changes, and particularly so in the manufacturing sector where unions were stronger. It develops a simple way to graphically present them so a reader can immediately see their relative contributions to the changes in the profit rate. The study finds significantly different behavior between the manufacturing and the non manufacturing sectors, revealing a serious limitation of any simple aggregate studies of the West German profit rate. Empirical studies traditionally looked at the manufacturing sector because of lack of data for the rest of the economy. The book also summarizes the main empirical studies of the USA economy`s profit rate between 1960 and 1990. The book considers the profit share and output-capital ratio as determinants of changes in the profit rates. This book investigates the economy-wide rate of profit, the manufacturing and the non manufacturing sectors in West Germany from 1960 to unification. The profit rate has long been understood to be a crucial indicator of the health of a capitalist economy.
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