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The Financial Rate of Profit

Author

Listed:
  • Erdogan Bakir

    (Department of Economics, Bucknell University, Lewisburg, PA, USA)

  • Al Campbell

    (Department of Economics, University of Utah, Salt Lake City, UT, USA)

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the single study to include financial variables to cover the past decade, compares this profit rate to the (almost unpublished) Weisskopf and NIPA financial profit rates, compares the financial and nonfinancial sector rates, and details the procedure to construct the profit rate in the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

Suggested Citation

  • Erdogan Bakir & Al Campbell, 2013. "The Financial Rate of Profit," Review of Radical Political Economics, Union for Radical Political Economics, vol. 45(3), pages 295-304, September.
    • Handle: RePEc:sae:reorpe:v:45:y:2013:i:3:p:295-304
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    More about this item

    Keywords

    financial rate of profit; finance; profit rate; neoliberalism;
    All these keywords.

    JEL classification:

    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian

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