Tracking profits with Kalecki

I saw this graph tweeted on twitter by Jesse Livermore, but I do not see who actually made the graph and how. It is a graph showing Kalecki’s profit equation.

FRED Graph

The thing that struck me is how similar it is to my own graph of aggregate profit rates based on an analysis of the NIPA accounts and effective labor share. Even the values of the y-axis are close.

profit rate 5



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