Profits, Deficits and Instability

Front Matter....Pages i-xviii
Introduction....Pages 1-7
Front Matter....Pages 9-9
Profits, Deficits and Instability: A Policy Discussion....Pages 11-22
The Determinants of Profits: United States, 1950–88....Pages 23-39
Why is the Rate of Profit Still So Low?....Pages 40-59
The Determinants of Profit Growth in the Manufacturing Sectors....Pages 60-81
The Persistence of Profits....Pages 82-102
Profit and Wage Convergence and Capital Accumulation Among Industrialised Countries, 1963–83....Pages 103-138
The Flow of Profits: Insights from the Ex Ante Approach....Pages 139-163
The Impact of Changing Profitability on the Supply Side of the Economy....Pages 164-185
Front Matter....Pages 187-187
The Quality of Debt....Pages 189-201
Rising Debt in the Private Sector: A Cause for Concern?....Pages 202-218
Pricing, Profits and Corporate Investment....Pages 219-254
The Twin Deficits....Pages 255-267
Front Matter....Pages 269-269
A Dynamic Approach to the Theory of Effective Demand....Pages 271-294
Profitability and Stability....Pages 295-316
Debt and Macro Stability....Pages 317-329
Expectation Dynamics, Financing of Investment and Business Cycles....Pages 330-348
A Real Growth Cycle with Adaptive Expectations....Pages 349-367
Back Matter....Pages 369-380