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Record W2091013728 · doi:10.2753/ijp0891-1916410302

Profit Without Accumulation

2012· article· en· W2091013728 on OpenAlexaff
Fletcher Baragar, Robert Chernomas

Bibliographic record

VenueInternational Journal of Political Economy · 2012
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicHousing, Finance, and Neoliberalism
Canadian institutionsUniversity of Manitoba
Fundersnot available
KeywordsEconomicsRate of profitSpeculationFinancializationRecessionEconomic rentDebtProfitability indexMonetary economicsMarket economyProfit (economics)EconomyMacroeconomicsFinanceNeoclassical economics

Abstract

fetched live from OpenAlex

The first depression of the twenty-first century appears to contain some unusual properties in the United States. In the midst of an economy in its fourth year of oscillating between stagnation and recession, the companies in the Standard & Poor's 500 stock index were expected to report record profits in 2011, and corporate profit as a share of the economy is at a fifty-year high. Productivity growth in the past decade, at more than 2.5 percent, is higher than in the 1970s, 1980s, and 1990s. And yet there is little appetite or competitive drive to invest. Two questions come to mind: Why are profits high, and why not invest them? High rates of exploitation, low taxes, and speculation generate high profits in production, and rents captured from debt-laden households and commodity prices explain the high profitability. The divorce of the capitalist class from its domestic economy, the debts of which are so high as to make investments too uncertain, explains the low investment rate. The paper examines the theoretical implications of these developments, with particular attention to their implications for theorizing the capitalist drive to accumulate.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.005
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: Theoretical or conceptual
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.029
Threshold uncertainty score0.096

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0010.005
Meta-epidemiology (narrow)0.0010.000
Meta-epidemiology (broad)0.0010.001
Bibliometrics0.0010.001
Science and technology studies0.0020.005
Scholarly communication0.0070.007
Open science0.0010.005
Research integrity0.0020.003
Insufficient payload (model declined to judge)0.0290.008

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.061
GPT teacher head0.309
Teacher spread0.247 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designTheoretical or conceptual
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations4
Published2012
Admission routes1
Has abstractyes

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