U.S. Profits

J. Bradford DeLong
delong@econ.berkeley.edu
http://www.j-bradford-delong.net/

December 2001


  • Over the long run non-financial companies' profits have fallen sharply as a share of GDP: by roughly half between the 1950s and today.
  • In the short run, the decline in profits since their peak during the second half of the 1990s is also impressive.


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