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A Historical Sketch of Profit Theories in Mainstream Economics

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  • Ibrahim Alloush

Abstract

In this paper, the main contributions to the development of profit theories are delineated in a chronological order to provide a quick reference guide for the concept of profit and its origins. Relevant theories are cited in reference to their authors and the school of thought they are affiliated with. Profit is traced through its Classical and Marginalist origins into its mainstream form in the literature of the Neo-classical school. As will be seen, the book is still not closed on a concept which may still afford further theoretical refinement.

Suggested Citation

  • Ibrahim Alloush, 2016. "A Historical Sketch of Profit Theories in Mainstream Economics," International Business Research, Canadian Center of Science and Education, vol. 9(4), pages 148-153, April.
    • Handle: RePEc:ibn:ibrjnl:v:9:y:2016:i:4:p:148-153
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    More about this item

    Keywords

    profit theories; historical evolution of profit concepts; shares of income and marginal productivity; critiques of mainstream profit theories;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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