Profits and the Future of American Society
From kwharrison13.com · Anti-library
Profits and the Future of American Society
| Author | S. Jay Levy and David A. Levy |
|---|---|
| Published | 1983 |
| Pages | 223 |
| Recommended | Once |
| Buy | Amazon |
| Why it’s on the list | The Levys argue that aggregate corporate profits are set at the level of the whole economy — by investment, government deficits, net exports and household saving — rather than being the sum of what individual managers accomplish, and use that accounting identity as a forecasting tool, applied here to the early-1980s American economy. |
Profits and the Future of American Society
Where I heard about it
- Li Lu — entry 33 in the Value Investing, Finance, and Capitalism section of Li Lu’s Recommended Book List, beside Hayek, Schumpeter and Richard Koo: the investing section keeps widening from security analysis into the macro and political economy that determines what profits exist at all to be allocated.
About this edition
Harper & Row, 1983. The family’s forecasting practice and the Levy Economics Institute both grew out of this line of work.
Connections
- Li Lu’s Recommended Book List — the list this came from.
- Li Lu — the Himalaya Capital founder who assembled it.
- Macroeconomics — profits treated as a macro flow rather than a firm-level outcome.
- The Other Half of Macroeconomics and the Fate of Globalization — Richard Koo, entry 43, the modern end of the same balance-sheet argument.
- The Road to Serfdom — Hayek, entry 36, one of the political-economy entries this sits among.
- Capitalism, Socialism and Democracy — Schumpeter, entry 39, the same cluster.
- Capital Allocation — what the profit pool determines is available to allocate.
What links here
Curated by Kyle Harrison. Organized by Claude. Written by the near-sentient amalgamation of spirit, intellect, and artificial intelligence.