There is general agreement that profit rates fell from the late 1960s until the early 1 980s. There is also agreement that they partially recovered from about 1982 on, but with interruptions at the end of the 1980s and the end of the 1990s, and never making up more than about half the decline since the long boom. According to Wolff, the rate of profit fell by 5.4 percent from 1966 to 1 979 and then "rebounded" by 3.6 percent from 1979 to 1997; Fred Moseley calculates that it "recovered . . . only about 40 percent of the earlier decline";23 Dumenil and Levy that "the profit rate in
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Capitalism in the 20th Century