Profit

Laurent Cordonnier
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Laurent Cordonnier: CLERSÉ - Centre Lillois d’Études et de Recherches Sociologiques et Économiques - UMR 8019 - Université de Lille - CNRS - Centre National de la Recherche Scientifique

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Abstract: This article presents the concept of profit in the Post-Keynesian economic tradition. It begins by clarifying this concept, contrasting it with that of the neoclassical tradition. It then presents the different markup theories proposed by Post-Keynesians, and finally explains how profits are formed, at the macroeconomic level, in a demand-driven monetary production economy.

Date: 2023-01-01
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Published in Elgar Encyclopedia of Post-Keynesian Economics, 2023, pp.342-3

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04379610

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