Tag Archives: falling profit rate

Falling aggregate profit rate? As James Montier, the post-Keynesian economist at GMO, the large asset fund manager, points out, real earnings growth in the corporate sector has been below the rate of real GDP growth even after the significant boost from the financial engineering from share buybacks. According to Montier, when you dig down into the market you find that a staggering 25-30 per cent of firms are actually making a loss. In Montier’s view, “the US is witnessing the rise of the...

Marx on capitalism and the profit rate. Michael Roberts BlogCapital.150 part one: measuring the past to gauge the futureMichael Roberts