us-rate-of-profit-q3-2022Download table-1.14-up-to-q3-2022-preliminaryDownload table-1.14-annual-1970-2021Download
US LONG TERM RATE OF PROFIT, AND THE FALL IN THE QUARTERLY RATE UP TO Q3 2022.
Tag: Sistema Económico
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US LONG TERM RATE OF PROFIT, AND THE FALL IN THE QUARTERLY RATE UP TO Q3 2022.
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WHY MARXISTS CANNOT IGNORE CIRCULATING CAPITAL!
defending-turnover-for-the-last-timeDownload klems-1987-2021Download This posting is a courtesy to those commenting on turnover and circulating capital in a recent post on Michael Roberts blog. On the spreadsheet, which is vast, all calculations for the graphs are coloured. to help the reader navigate it.
WHY MARXISTS CANNOT IGNORE CIRCULATING CAPITAL! -
The wealth of nations
Marx’s first sentence in Capital Volume One is: “The wealth of those societies in which the capitalist mode of production prevails, presents itself as an “immense accumulation of commodities”, its unit being a single commodity.” (Moore and Aveling translation). So, from the beginning, Marx makes a distinction between wealth in societies and how it appears […]
The wealth of nations -
Fallen angels
In several previous posts, I have highlighted what are called ‘zombie’ companies (companies whose regular profits do not even cover the cost of servicing their outstanding debts) and so must, to paraphrase former BoE governor Mark Carney, depend on the kindness of their creditors”. An OECD study found that such zombies take up a frighteningly […]
Fallen angels -
Inflation: supply or demand?
The debate among economists continues on whether the recent hike in inflation rates in the major economies is due to a ‘supply shock’ or ‘pent-up consumer demand’; and related to that, whether the inflation rise will be ‘transient’ or ‘permanent’. Supply or demand? If prices rise, is it because supply is not rising ‘enough’ or […]
Inflation: supply or demand? -
Books of the year
This is not a review of the best books of the year, but a reminder of the books that I have reviewed during 2021. In this second year of COVID, let’s start with Adam Tooze’s Shutdown. Tooze is the liberal left’s current favourite historian. And Tooze is the ultimate ‘historian of the moment’. By that […]
Books of the year