Theory of Profit
Thomas T. Sekine
Abstract
Thomas T. Sekine
Abstract
Value and surplus value can be realised only by the sale of the commodity which embodies them. It is this fact that underlies the principle of the distribution of surplus value in the form of profit . Even industrial capital must purchase all of its productive elements as commodities, and sell its own product again as a commodity. Since all such transactions occur in the capitalist market , the operation of the latter must now be studied in explicit terms. The activities of industrial capital must, in other words, be examined as they appear in the capitalist market. For industrial capital, this represents a return to the standpoint and perspective of its infancy when it first evolved from merchant capital. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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Value and surplus value can be realised only by the sale of the commodity which embodies them. It is this fact that underlies the principle of the distribution of surplus value in the form of profit . Even industrial capital must purchase all of its productive elements as commodities, and sell its own product again as a commodity. Since all such transactions occur in the capitalist market , the operation of the latter must now be studied in explicit terms. The activities of industrial capital must, in other words, be examined as they appear in the capitalist market. For industrial capital, this represents a return to the standpoint and perspective of its infancy when it first evolved from merchant capital. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
Key concepts: Surplus value, Profit (economics), Commodity, Economics, Capital (architecture), Prices of production, Value (mathematics), Microeconomics