On Sun, December 14, 1997 at 19:22:08 (-0800) Michael Perelman writes:
>
> 11: "Why did profitability fall after the 1970s? One plausible, but
>unproven, explanation is that a number of factors have heightened the
>degree of competition facing firms. In turn, greater competition may
>have speede
In response to Bill and Doug:
1) I do not necessarily vouch for Duca.
2) Competition is difficult to measure with the increased importance of
international trade. Share of manufacturing assets becomes difficult to
interpret, with all the outsourcing.
3) Yes, Doug, you are correct that the incr
I thought that this article might be of interest:
Duca, John V. 1997. "Has Long-Run Profitability Risen in the 1990s?"
Economic Review of the Federal Reserve Bank of Dallas, Fourth Quarter,
pp. 2-14.
2: "virtually all of the resurgence in corporate profitability during
the 1990s reflects a cyclic
November 28, 1997 was the 177th anniversary of the birth of
Frederick Engels, the brilliant teacher and leader of the
international proletariat, who together with Karl Marx, his
closest friend and comrade, founded scientific socialism, the
indispensable theory of the struggle of the working class
