Title

The Financial Rate of Profit: What Is It, and How Has It Behaved in the United States?

Publication Date

2013

Journal

Review of Radical Political Economics

Volume

45

Issue

3

First Page

295

Last Page

304

Abstract

This work contributes to the almost nonexistent literature on the profit rate of the financial sector. It updates the single study to include financial variables to cover the past decade, compares this profit rate to the (almost unpublished) Weisskopf and NIPA financial profit rates, compares the financial and nonfinancial sector rates, and details the procedure to construct the profit rate in the financial sector including relevant financial variables which capitalists consider to make profit-rate decisions. JEL Classification: B50, E11

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