Quelques bénéfices heuristiques d’une redéfinition du profit

Kroës, Romain (2007): Quelques bénéfices heuristiques d’une redéfinition du profit.

Abstract

The present paper puts forward a new economic circuit of value, which is a product of Marx’s “period of production” and Keynes’s determination order between investment and savings. It leads to a new definition of profit which excludes any remaining competition between savings and consumption on the global scale, and to a revision of National-Accounts’ equation of global income. Finally, the main heuristic benefits of these theoretical developments consist of both acquiring a specific economic time, as an explanatory variable, and demystifying the rush to productivity as being globally nothing but a Sisyphean task; this will be statistically confirmed

• Item Type: MPRA Paper
• English Title: Some heuristic advantages from redefining of profit
• Language: French
• Keywords: profit: productivité: redondance du PIB: Keynes: Marx
• Subjects: B - History of Economic Thought, Methodology, and Heterodox Approaches > B0 - General; C - Mathematical and Quantitative Methods > C0 - General; A - General Economics and Teaching > A1 - General Economics; B - History of Economic Thought, Methodology, and Heterodox Approaches > B4 - Economic Methodology; C - Mathematical and Quantitative Methods > C4 - Econometric and Statistical Methods: Special Topics

References

Gillman, J.M. 1957. The Falling Rate of Profit, London, Dennis Dobson.

Harman, J. 1810. Audit by the Select Committee on the High Price of Gold Bullion,London, House of Commons.

IFS, 2007. Countries Data, published on line by International Monetary Fund, at www.imfstatistics.org/imf

Juglar, C. 1889. Des Crises commerciales et de leur retour périodique en France,en Angleterre et aux Etats-Unis, Paris, Guillaumin.

Kalecki, M. 1990. Capitalism: business cycles and full employment, Collected Works 01, Oxford, Clarendon Press.

Keynes, J.M. 1937. Alternative theories of the rate of interest, Economic Journal, 47, pp. 241-252.

Keynes, J.M. 1974. General Theory, London, Macmillan.

Kroës, R. 2007. La Perversion du Capital, Paris, Editions du Sextant.

Luxemburg, R. 1975. Die Akkumulation des Kapitals. In Gesammelte Werke, Band 5, Berlin, Dietz Verlag.

Marshal, A. 1890. Principles of Economics, available at McMaster University socserv2.socsci.mcmaster.ca

Marx, K. 1962. Das Kapital, erster Band, Berlin, Dietz Verlag.

Marx, K. 1963. Das Kapital, zweiter Band, Berlin, Dietz Verlag.

Marx, K. 1964. Das Kapital, dritter Band, Berlin, Dietz Verlag.

Ricardo, D. 1810. The High Price of Bullion, a Proof of the Depreciation of Bank Notes, London, John Murray, available at phare.univ-paris1.fr

Robinson, J. 1946. The Economics of imperfect competition, London, Macmillan.

Robinson, J. 1962. Economic Philosophy, Chicago, Aldine Pub. Co.

Shackle, G. L. S. 1983. Time in Economics, Westport, Greenwood Press reprint.

Triffin, R. 1964. The Evolution of the International Monetary System: Historical Reappraisal and Future Perspectives, Princeton Studies in International Finance, n°12, Princeton International Finance Section.