Two scholars, Kenneth Boulding and Joshua Goldstein, have independently made the observation that...

US Corporate Debt Service Bill Has Become High Relative to Corporate Profits

Long Waves
Yale University Presss, 1988
Joshua Goldstein



Kenneth Boulding's Departing Warning:
Kenneth Boulding died in Boulder Colorado in 1993. His last work in economics was the 1992 book
Structure of the American Economy,

the central message of which is a warning that interest income is becoming large relative to income from corporate profits. This message was most forcefully highlighted with this graph.

Boulding cited two sources for the data used to generate this graph -- the Economic Report of the President, 1990 and the National Income and Product of the United States, 1929-82.




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