The profit rate has long been understood to be a crucial indicator of the health of a capitalist economy. Empirical studies traditionally looked at the manufacturing sector because of lack of data for the rest of the economy. This book investigates the economy-wide rate of profit, the manufacturing and the non manufacturing sectors in West Germany from 1960 to unification. 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. The book considers...
The profit rate has long been understood to be a crucial indicator of the health of a capitalist economy. Empirical studies traditionally looked at th...
