000 01458pab a2200181 454500
008 180718b2002 xxu||||| |||| 00| 0 eng d
100 _aDumenil, Gerard
245 _aThe field of capital mobility and the gravitation of profit rates (USA 1948-2000)
260 _c2002
300 _ap.417-36.
362 _aFall
520 _aThis study is devoted to the empirical investigation of the gravitation of profit rates among industries around a single value in the United States since World War II. The framework of analysis is that developed by classical economists and Marx, and used in many contemporary studies. The gravitation of profit rates around a single value results from the mobility of capital seeking a maximum profit rate. A preliminary concern is to determine the field in which this mobility of capital is likely to occur. A segment of the economy is excluded because of its deficient capitalist nature. After this exclusion, it appears that the profit rates of industries do tend to gravitate around a common value. An important finding of this study is that this gravitation is not observable within a subset of industries, such as Transportation or Public Utilities, which utilize very large amounts of fixed capital in comparison to employment or output. - Reproduced.
650 _aProfits - United States
650 _aProfits
700 _aLevy, Dominique
773 _aReview of Radical Political Economics
909 _a54748
999 _c54748
_d54748