Title

The Question of Profits

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

DOI

10.1177/0486613417709032

Persistent Identifier

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

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