Some Questions on the Rates of Profit and Rents
Vicenc Melendez-Plumed ()
MPRA Paper from University Library of Munich, Germany
Abstract:
We deal with three subjects, namely, the presence of more than one rate of profit in an economy due to the existence of rents (absolute and monopoly rents); the subordination of the prices and the rate of profit (in price terms) to the real profit or net product, measured in value terms; and the impact of leveraging on the rate of profit and on a simple calculation of the sum of credit (money) generated in an economy over a given period of time. Production prices are affected by absolute and monopoly rents. An arbitrary rise of an industry rate of profit increases the global rate and system prices while the real product expressed in values is not altered. Labour magnitudes determine the sustainable price system. An increase in the quantity of credit is a natural consequence of economic growth and the rate depends on the proportions of the effective use and the production of commodities. Interests of credits have similarities with differential rent, provided that the production costs increase depressing the rate of profit and generating a “rent” to capitalists who do not need to borrow money.
Keywords: Labour values; Relative prices; Rates of profit; Credit; Rate of suplus value; Absolute rent; Differential rent; Monopoly rent (search for similar items in EconPapers)
JEL-codes: B51 (search for similar items in EconPapers)
Date: 2014-02
New Economics Papers: this item is included in nep-hme
References: View complete reference list from CitEc
Citations:
Downloads: (external link)
https://mpra.ub.uni-muenchen.de/53664/1/MPRA_paper_53664.pdf original version (application/pdf)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:53664
Access Statistics for this paper
More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().