Table 13.2 Factors affecting the decline in the rate of profit
Percentage change in variable | |||
Period of r decline |
(1) r |
(2) R/Y |
(3) Y/TA |
1949–1953 |
–25.85 |
–34.26 |
13.02 |
1955–1957 |
–21.07 |
–15.44 |
–7.99 |
1959–1960 |
–10.55 |
–10.12 |
–0.48 |
1965–1969 |
–31.90 |
–34.42 |
0.15 |
1972–1973 |
–9.99 |
–11.25 |
3.06 |
1988–1990 |
–21.42 |
–20.51 |
–2.09 |
1997–2000 |
–46.49 |
–37.76 |
–4.30 |
Source: US Bureau of Economic Analysis, 2006, Table 1.14; US Federal Reserve System, 2006, Flow of Funds, Z.1 Statistical Release. Notes r: rate of profit. R/Y: share of profit in income (output). Y/TA: ratio of output (income) to tangible assets. |