This work contributes to the almost nonexistent literature on the profit rate of the financial sector. It updates the single study to include financial variables to cover the past decade, compares this profit rate to the (almost unpublished) Weisskopf and NIPA financial profit rates, compares...

The "new solution" to the transformation problem in Marx's labor theory of value rests on treating two aspects differently than in the traditional formulation: net value is used instead of gross value to avoid double counting, and the division of new value into variable capital and surplus value...

This paper looks at the most recent aggregate profit rate data for the United States. It then makes five arguments. First, the new data reinforce the rejection of “neoliberalism as successful capitalist restructuring that could possibly restore or surpass the pre 1970s rate of profit.â€...