This paper interprets and measures changes in the rate of profit in Canadian manufacturing over the period 1950-1981. The interpretation stresses endogenous forces that lead to a rising real wage and a rising technical composition of capital, two trends amply confirmed by the evidence. These...

This paper examines the role of international trade, and specifically imports from low-wage countries, in determining patterns of job loss in U.S. manufacturing industries between 1992 and 2007. Motivated by intuitions from factor-proportions-inspired work on offshoring and heterogeneous firms...