Profit theory and capitalism / Mark Obrinsky.

By: Material type: TextTextSeries: Post keynesian economicsPublication details: Phildelphia : University of Pennsylvania Press ; 1983.Description: xii, 177 p. ; 22 cmISBN:
  • 0855206551
Subject(s): LOC classification:
  • HB 601 .O23 1983
Contents:
1. The profit puzzle -- 2. Adam Smith and the classical confusions -- 3.The surplus theories: Ricardo and Marx -- 4. The neoclassical profit evasion -- 5. Profits and the entrepreneur -- 6. Profits and uncertainty -- 7. The incomplete institutional view -- 8. Sraffa and the surplus revival -- 9. Profits and the early macro theory --10. Post keynesian profit theory -- 11. Profits: A concluding assessment.
Summary: "The pursuit of profit by business motivates the capitalist economic system. Understanding profits, therefore, especially the source of profits, is essential to an understanding of capitalism. Mark Obrinsky claims that there has never been an adequate profit theory in mainstream economics. To find the source of profits, he argues, one needs to look beyond ownership of the productive factors of land, labor, and capital. Profit Theory and Capitalism makes a sharply reasoned and accessible contribution to critical theory, the history of economic thought, and post-Keynesian theory. Its insights will be of value to all students and theorists working in the area of income distribution." -- publisher
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Holdings
Item type Current library Collection Call number Status Notes Date due Barcode
BOOKS BOOKS Niebyl-Proctor Marxist Library General Stacks The Karl H. Niebyl Collection HB 601 .O23 1983 (Browse shelf(Opens below)) Not For Loan Signed and inscribed by author. NPML19090049

Includes bibliographical references: (pages [169]-174) and index. .

1. The profit puzzle -- 2. Adam Smith and the classical confusions -- 3.The surplus theories: Ricardo and Marx -- 4. The neoclassical profit evasion -- 5. Profits and the entrepreneur -- 6. Profits and uncertainty -- 7. The incomplete institutional view -- 8. Sraffa and the surplus revival -- 9. Profits and the early macro theory --10. Post keynesian profit theory -- 11. Profits: A concluding assessment.

"The pursuit of profit by business motivates the capitalist economic system. Understanding profits, therefore, especially the source of profits, is essential to an understanding of capitalism. Mark Obrinsky claims that there has never been an adequate profit theory in mainstream economics. To find the source of profits, he argues, one needs to look beyond ownership of the productive factors of land, labor, and capital. Profit Theory and Capitalism makes a sharply reasoned and accessible contribution to critical theory, the history of economic thought, and post-Keynesian theory. Its insights will be of value to all students and theorists working in the area of income distribution." -- publisher

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