The Political Economy of the United States

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Focusing on the mechanisms of economic growth and profit formation in the U.S. from 1950 to 2020, the author employs a Caldorian growth model that integrates both physical and human capital. This analysis highlights the U.S.'s significant influence on global capitalism post-World War II. The study contrasts the efficiency of the U.S. economy with global standards and delves into profit generation in non-farm sectors, distinguishing between innovative and technological profits, particularly emphasizing the role of natural monopolies in market recognition.