The Circuit of Capital , U . S . Manufacturing and Non-Financial Corporate Business Sectors , 1947 – 1993

  title={The Circuit of Capital , U . S . Manufacturing and Non-Financial Corporate Business Sectors , 1947 – 1993},
  author={Piruz Alemi and Duncan K. Foley},
Marx’s analysis of the circuits of capital in Volume II of Capital provides a powerful framework for the empirical study of the dynamics and structure of capitalist production. Methods of Foley (1986) are applied to a wide range of official statistical sources to recover estimates of the rate of exploitation, composition of capital flows, markup, turnover times, profit rate and capitalization rate for U.S. capital in the Manufacturing and Non-Financial Corporate Business sectors from 1947–1993… CONTINUE READING


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