Article(print)#12000
Weltwirtschaftliche Turbulenzen. Brenners Fehlinterpretation unterschiedlicher Profitraten
In: Sozialismus, Volume 27, Issue 3, p. 24-25
ISSN: 0721-1171
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Article(electronic)#2June 1, 1995
A Post-Keynesian Long-Term Equilibrium with Equalized Profit Rates? A Rejoinder to Amitava Dutts Synthesis
In: Review of radical political economics, Volume 27, Issue 2, p. 135-141
ISSN: 1552-8502
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Article(electronic)#3March 1, 1993
Why Does Profitability Matter? Profitability and Stability in the U.S. Economy since the 1950s
In: Review of radical political economics, Volume 25, Issue 1, p. 27-61
ISSN: 1552-8502
This study empirically reveals a direct link between profitability and stability. To make the demonstration, we develop and then estimate a short-run dynamic disequilibrium model of a capitalist economy, with money, in which agents react to the observation of disequilibria. The condition for the stability of the general level of activity is expressed as a function of the reactions of economic agents. An increased reaction by quantities to disequilibria between supply and demand, on the part of firms, jeopardizes stability. It is demonstrated empirically that the variations of the profit rate influence this degree of reaction and, therefore, impact on stability.
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Article(electronic)#4June 1, 1992
The Historical Dynamics of Technology and Distribution: The U.S. Economy Since the Civil War
In: Review of radical political economics, Volume 24, Issue 2, p. 34-44
ISSN: 1552-8502
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Article(electronic)#5June 1, 1997
The History of Competition Policy as Economic History
In: The Antitrust bulletin: the journal of American and foreign antitrust and trade regulation, Volume 42, Issue 2, p. 373-416
ISSN: 1930-7969
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Article(electronic)#6June 1, 1987
Theories of the Great Depression: Why Did Profitability Matter?
In: Review of radical political economics, Volume 19, Issue 2, p. 16-42
ISSN: 1552-8502
This paper attempts to show that inadequate levels of profitability played an important role in the onset of the Great Depression. Three popular alternative views of the crash are first criticized: the Monopoly View, the Underconsumption Theory, and the Monetarist Explanation. In our opinion, the underlying cause of the crash was the instability at the end of the decade of the 1920s which resulted from an earlier decline in the rate of profit.
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