Power and Profits: The Social Structure of Accumulation and the Profitability of the Postwar U.S. Economy

1 March 1986

journal article
research article
Published by SAGE Publications in Review of Radical Political Economics

Vol. 18 (1-2) , 132-167
https://doi.org/10.1177/048661348601800107

Abstract

This paper seeks to explain trends in United States corporate profitability since World War II through an analysis of the rise and subsequent demise of a postwar social structure of accumulation (SSA). Building from a formal model of the determinants of profitability, we provide econometric support for the hypothesis that variations in profitability can be explained to a large extent by variations in quantitative indicators of capitalist power in the postwar SSA.

Keywords

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