Profits, Deficits and Instability

The papers drawn together in this book seek to make a contribution in the study of an important area in economics - profits. The contributions in this volume provide original insights into the crucial questions of the interrelationships between profits, corporate investment and financing activity, the causes of instability and government deficits, and the secular and cyclical changes in production and employment. The interrelationships are examined on both the microeconomic and macroeconomic level of analysis using empirical evidence provided in the official U.S. and OECD statistics.