[Marxism] HM3: the profits-investment puzzle | Michael Roberts Blog
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Sat Nov 16 05:58:05 MST 2019
The other session at the Historical Materialism London conference that I
participated in was on The Relation between Profits, Investment and
Crises. This was organised by Al Campbell from the University of Utah.
In his paper, Al outlined how in the last two decades a gap opened up
between the growth in profitability and the rate of investment and
accumulation (Al Campbell). Al showed that the share of investment in
total US profits fell from the early 2000s until the Great Recession and
still stands well below the average share in the 1980s and 1990s.
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