We now have the latest data from the US Bureau of Economic Analysis (BEA) going up to 2014 in order to work out a ‘Marxian rate of profit’ for the US economy. So I have revisited the data in order to bring things up to date. All the data behind the following graphics are available on request (and see the pdf version for the appendix on sources and methods for each graphic, US rate of profit revisited).
I have not looked at this since the end of 2013, so it is high time to see where the US rate of profit has gone since then and draw some conclusions.
Now how to measure the rate of profit in a ‘Marxian’ way is a matter for continual debate and this post will not go over ground dealt with before. Instead, I refer you my paper on measuring the rate of…
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