[OPE] The Falling Rate of Profits in West Germany

From: glevy@pratt.edu
Date: Sun May 11 2008 - 08:01:19 EDT

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


The profit rate has long been
understood to be a crucial indicator of the 
health of a capitalist
economy. Empirical studies, including Robert 
Brenner's, Andrew
Glynn's, Gerard Dumenil's, Anwar 
Shaikh's traditionally looked at
the manufacturing sector because of 
lack of data for the rest of the
>From Heteredox points of views, 
this book
investigates the economy-wide rate of profit, the manufacturing 
the non manufacturing sectors in West Germany from 1960 to 
unification. The study finds significantly different behavior between
manufacturing and the non manufacturing sectors, revealing a
limitation of any simple aggregate studies of the West
German profit rate. 
The book considers the profit share and
output-capital ratio as 
determinants of changes in the profit rates.
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. 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. The book
also summarizes the main empirical studies of the USA 
profit rate between 1960 and 1990, 

Product Details 
Paperback: 128 pages 
Publisher: VDM Verlag 
Language: English

ISBN-10: 383649602X 
ISBN-13: 978-3836496025 

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