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The Real and Financial Components of Profitability (United States, 19522000)MODEM-CNRS, Université de Paris X-Nanterre, 200, av. de la République, 92000 Nanterre, France gerard.dumenil{at}u-paris10.fr
CEPREMAP-ENS, 48, bd Jourdan, 75014 Paris, France Financial relations considerably alter the profile of the profit rate of nonfinancial corporations. Large rates are maintained to the end of the 1970s. Conversely, rates are diminished during the 1980s and 1990s. The average value of the profit rate of the financial sector is similar, though lower during the 1970s, due to low real interest rates and a stagnating stock market. The opposite is true during the neoliberal decades.
Key Words: profit rate nonfinancial enterprises financial corporations gravitation prices of production competition foreign direct investment in the U.S.
Review of Radical Political Economics, Vol. 36, No. 1,
82-110 (2004) This article has been cited by other articles:
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