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consistently failed to clarify the nature and magnitude of overall profit. No economist, though, would deny that profit is an …
Persistent link: https://www.econbiz.de/10013026846
macroeconomic profitability. Measurement issues include the treatment of holding gains on physical assets and net financial … work has focused on the identification of trends and shifts in profit rates not caused by cyclical fluctuations, and … include capital deepening stimulated by a reduction in the cost of capital funds; profit squeezes caused by some combination …
Persistent link: https://www.econbiz.de/10014178572
The volume of profits in an economy is a magnitude, which is out of sight of orthodox macroeconomic textbooks and effectively ignored by neoclassical macroeconomics. In contrast, Kalecki's approach brings to the forefront the sources of profits and makes possible their further analysis. In a...
Persistent link: https://www.econbiz.de/10013074584
We show that public firm profit rates fell by half since 1980. Inferred as the residual from the rise of US corporate … profit rates in aggregate data, private firm profit rates doubled since 1980. Public firm financial returns matched their … fall in profit rates, while public firm representativeness increased from 30% to 60% of the US capital stock. These results …
Persistent link: https://www.econbiz.de/10013306917
Axiomatization is the prime task of theoretical economics. Without correct axioms,no correct theory. Without correct theory, no understanding of how the economy works. Without empirically corroborated understanding, no useful economic policy advice. Yet, much more important than any political...
Persistent link: https://www.econbiz.de/10011112952
When we characterize an argument that has no sound theoretical foundation as political, then what has been produced by economists so far is political economics. However, since the Classics and Marx all major economic schools have defended the claim that they were doing science. This claim has...
Persistent link: https://www.econbiz.de/10013020220
What do economists understand about the economy if they do not understand the profit phenomenon? Next to nothing …. Therefore, the very first task in theoretical economics is to clarify the difference between profit and wage income and their …
Persistent link: https://www.econbiz.de/10011267893
Persistent link: https://www.econbiz.de/10009780169
Persistent link: https://www.econbiz.de/10011460172
The aim of this study was to compare the profitability proportions in companies before and after the use of corporate … Morgan table as a sample. Data was analyzed using independent t-test. Results showed that the average ratio of gross profit … average ratio of gross profit to total assets (ROI) before the implementation of corporate governance. There was no …
Persistent link: https://www.econbiz.de/10012063091