Marxian business cycle research places great importance on the turn in profit rates and profitability in driving capitalist cycles. My work emphasizes that wage growth and wage stability bring a stabilizing force to capitalism. Goldstein points out that wage growth begins to exceed revenue...

Given the important connections among profitability, investment, and economic activity, a profitability indicator can be used to assess where the economy is in the business cycle. Rising profitability suggests that the economy is on a secular growth path, while a peak or fall in profitability...