This study analyzes the important increase in the rate of profit which occurred in the United States during World War II. The gap between the predepression trend line, from 1900 to 1929, and the postwar line, from 1946 to 1989, is estimated as a shift of 15.8 percent in absolute terms (to be...

The decline of the profit rate since World War II, up to the early 1980s, is now widely acknowledged, and a new upward trend has been identified. This study presents new computations of profit rates using a definition like that used by Marx in Volume III of Capital, where profits correspond to...

This paper is a critique of Alan Freeman's theory of sequential values. In this approach value is conserved from period to period independently of technical change and disequilibrium, contrary to the traditional view that values are reevaluated at each period depending on the existing conditions...