Profit als Rente. Anmerkungen zu einer pro-kapitalistischen Entwicklungstheorie

Quaas, Georg (2014): Profit als Rente. Anmerkungen zu einer pro-kapitalistischen Entwicklungstheorie.

Abstract

Profit as rent: Some remarks about a pro-capitalist theory of development

This study discusses several of the economic cornerstones of the contribution made by Hartmut Elsenhans to the so-called Global Keynesianism. Included are his unique definition of profits and rents; the thesis of net investments as a prerequisite to the acquisition of profits, including the systematic and historic background of this thesis; the exploitation of a simple neoclassical production function by ignoring conceptually ill-fitting consequences; the stabilization of investors’ expectations of rising mass consumption on the base of rising real income; the author's over- and under-interpretation of Ricardo’s theory on international trade based on comparative cost advantages; and the role of mass democracy in the acquisition and redistribution of rents to empower the underprivileged in negotiations with entrepreneurs.

• Item Type: MPRA Paper
• English Title: Profit as rent: Some remarks about a pro-capitalist theory of development
• Language: German
• Keywords: Global Keynesianism, rent-seeking, mass consumption, comparative cost advantages
• Subjects: E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models > E12 - Keynes ; Keynesian ; Post-Keynesian; E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E24 - Employment ; Unemployment ; Wages ; Intergenerational Income Distribution ; Aggregate Human Capital ; Aggregate Labor Productivity; F - International Economics > F1 - Trade > F11 - Neoclassical Models of Trade

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