Evolution of the composition of capital value in the US during its last economic boom

Abstract

THIS ARTICLE SEEKS TO CONTRIBUTE TOWARD UNDERSTANDING A PHENOMENON THAT HAS WIDELY ATTRACTED ATTENTION: THE LONG PERIOD OF EXPANSION EXPERIENCED IN THE US EXONOMY SINCE 1991 -WHICH ONLY VERY RECENTLY (DURING THE FIRS HALF OF 2001) HAS BEGUN THE PRESENT SYMPTOMS OF FADING AND COMING TO AN END. THE KEY TO ANY ECONOMIC BOOM (AND ANY CRISIS AS WELL) IS IN THE TENDECIES OBSERVED IN TH EPROFIT RATE- AND IN THIS FACTOR, THE COMPOSITION OF CAPITAL VALUE PLAYS A FUNDAMENTAL ROLE.