The Question of Profits

Authors

Robin Hahnel, Portland State University

Published In

Review of Radical Political Economics

Document Type

Citation

Publication Date

8-28-2018

Abstract

Where do profits come from? Are they morally justified? Sraffians provide a clear answer to the first question but have declined to give a direct answer to the second question. This article argues that the “fundamental Sraffian theorem” implies a compelling moral critique of profits, but that this critique can be strengthened by replacing the “contribution-based” approach common among economists with a “sacrifice-based” theory consistent with work by modern egalitarian philosophers.

Description

Copyright © 2020 by Union for Radical Political Economics

Locate the Document

https://doi.org/10.1177/0486613417709032

DOI

10.1177/0486613417709032

Persistent Identifier

https://archives.pdx.edu/ds/psu/32694

Citation Details

Hahnel, R. (2019). The Question of Profits. Review of Radical Political Economics, 51(1), 129–146. https://doi.org/10.1177/0486613417709032