Heterodox
And so immediately we must ask: why do so many Marxists seem to ignore this fact and assault us with data on profit rates from c. 1945 to today, when their starting point was a period with abnormally and unusually high profit rates and this skews their data?Robert Brenner’s data for the US non-financial profit rate from 1929 to 2007 is in the graph below, as taken from this post here. I am unsure where the data actually comes from, but perhaps Brenner (2002) or (2006). Notice the spike in...
Read More »The US Profit Rate was Abnormally High in WWII and Immediately Afterwards
