A Theory of Profits PDF Download

Author: Adrian Wood
Publisher: CUP Archive
ISBN: 9780521207683
Category : Business & Economics
Languages : en
Pages : 200

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Author: Muhammad Nejatullah Siddiqi
Publisher: [Bombay : published for] the Faculty of Social Sciences, Aligarh Muslim University [by] Asia Publishing House
ISBN:
Category : Profit
Languages : en
Pages : 176

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Author: John Bates Clark
Publisher:
ISBN:
Category : Wages, prices and productivity
Languages : en
Pages : 490

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Author: Frank H. Knight
Publisher: Cosimo, Inc.
ISBN: 1602060053
Category : Business & Economics
Languages : en
Pages : 401

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Book Description
A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot eliminate profits, the important differences between "risk" and "uncertainty," and the vital role of the entrepreneur in profitmaking. Based on Knight's PhD dissertation, this 1921 work, balancing theory with fact to come to stunning insights, is a distinct pleasure to read. FRANK H. KNIGHT (1885-1972) is considered by some the greatest American scholar of economics of the 20th century. An economics professor at the University of Chicago from 1927 until 1955, he was one of the founders of the Chicago school of economics, which influenced Milton Friedman and George Stigler.

Author: Michael Howard
Publisher: London : Macmillan
ISBN: 9780333321669
Category : Economics
Languages : en
Pages : 225

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Author: Michael Charles Howard
Publisher: London : Macmillan
ISBN:
Category : Economics
Languages : en
Pages : 248

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Book Description

Author: Mark Obrinsky
Publisher: University of Pennsylvania Press
ISBN: 0812292561
Category : Business & Economics
Languages : en
Pages : 190

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Book Description
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.

Author: Julio López G
Publisher: Springer
ISBN: 0230293956
Category : Business & Economics
Languages : en
Pages : 269

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This book presents a thorough evaluation of Michal Kalecki's theory of the capitalist economy. It provides readers with a complete view of Kalecki's theory, including his very important writings on the economics of underdeveloped countries.

Author: Eugen von Böhm-Bawerk
Publisher: Ludwig von Mises Institute
ISBN: 1610163648
Category : Capital
Languages : en
Pages : 468

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Book Description

Author: Richard R. Nelson
Publisher: Harvard University Press
ISBN: 9780674041431
Category : Business & Economics
Languages : en
Pages : 456

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Book Description
This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Nelson and Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium, which they find ineffective in the analysis of technological innovation and the dynamics of competition among firms. To replace these assumptions, they borrow from biology the concept of natural selection to construct a precise and detailed evolutionary theory of business behavior. They grant that films are motivated by profit and engage in search for ways of improving profits, but they do not consider them to be profit maximizing. Likewise, they emphasize the tendency for the more profitable firms to drive the less profitable ones out of business, but they do not focus their analysis on hypothetical states of industry equilibrium. The results of their new paradigm and analytical framework are impressive. Not only have they been able to develop more coherent and powerful models of competitive firm dynamics under conditions of growth and technological change, but their approach is compatible with findings in psychology and other social sciences. Finally, their work has important implications for welfare economics and for government policy toward industry.