Power and Profits: The Social Structure of Accumulation and the Profitability of the Postwar U.S. Economy-Reference-Cited by-同舟云学术

Power and Profits: The Social Structure of Accumulation and the Profitability of the Postwar U.S. Economy

Published:1986-03 Issue:1-2 Volume:18 Page:132-167
ISSN:0486-6134
Container-title:Review of Radical Political Economics
language:en
Short-container-title:Review of Radical Political Economics

Author:

Bowles Samuel¹,Gordon David M.²,Weisskopf Thomas E.³

Affiliation:

1. Economics Department, University of Massachusetts at Amherst, Amherst, MA 01003

2. Department of Economics, New School for Social Research, New York, NY. 10011

3. Department of Economics, University of Michigan, Ann Arbor, MI 48109.

Abstract

This paper seeks to explain trends in United States corporate profitability since World War II through an analysis of the rise and subsequent demise of a postwar social structure of accumulation (SSA). Building from a formal model of the determinants of profitability, we provide econometric support for the hypothesis that variations in profitability can be explained to a large extent by variations in quantitative indicators of capitalist power in the postwar SSA.

Publisher

SAGE Publications

Subject

Economics and Econometrics,Philosophy

Link

http://journals.sagepub.com/doi/pdf/10.1177/048661348601800107

Reference48 articles.

1. Technical change and the profit rate: a simple proof of the Okishio theorem

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