Falling profits, rather than increasing financial investment, led to decreasing rates of capital accumulation by American companies

Williams, Shannon and Kliman, Andrew (2014) Falling profits, rather than increasing financial investment, led to decreasing rates of capital accumulation by American companies. LSE American Politics and Policy (09 Oct 2014). Website.

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Abstract

The rate of capital accumulation in the USA has fallen markedly in recent decades. The financialization and shareholder value literatures argue that the cause is a diversion of profits from productive investment towards financial markets and investments. Shannon Williams and Andrew Kliman show that such arguments are not supported by the data and that the fall in US corporations’ rate of profit explains why the rate of capital accumulation fell.

Item Type:	Online resource (Website)
Official URL:	http://blogs.lse.ac.uk/usappblog/
Additional Information:	© 2014 The Authors
Divisions:	LSE
Subjects:	H Social Sciences > HG Finance
Date Deposited:	27 Nov 2014 11:40
Last Modified:	13 Sep 2024 19:08
URI:	http://eprints.lse.ac.uk/id/eprint/60305

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