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Clarification and Application of the Category Profit on Alienation

Author

Listed:
  • Alper Duman
  • E. Ahmet Tonak

Abstract

This article presents profit on alienation (POA) as one of the sources of profit in capitalist economies. In addition to identifying and situating POA among other profit flows, we have attempted to operationalize it in the real estate and finance sectors. In the empirical part of the article, we estimate POA in those sectors in Turkey for the period 2010–2019. The extent of estimated profits based on POA in those sectors is not insignificant. These findings confirm our position that utilizing POA in exploring capitalist dynamics would be a fruitful endeavor. JEL Classification : B3, B51, H27, G51

Suggested Citation

  • Alper Duman & E. Ahmet Tonak, 2024. "Clarification and Application of the Category Profit on Alienation," Review of Radical Political Economics, Union for Radical Political Economics, vol. 56(2), pages 233-246, June.
    • Handle: RePEc:sae:reorpe:v:56:y:2024:i:2:p:233-246
    DOI: 10.1177/04866134231204995
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    References listed on IDEAS

    as
    1. Ron Baiman, 2020. "The Impact of Rent from Unequal Exchange on Shaikh’s Classical-Keynesian Political Economic Analysis: The Example of Facebook," Review of Radical Political Economics, Union for Radical Political Economics, vol. 52(2), pages 239-258, June.
    2. Ramaa Vasudevan, 2021. "The network of empire and universal capitalism: imperialism and the laws of capitalist competition," Review of Social Economy, Taylor & Francis Journals, vol. 79(1), pages 76-102, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    rent and profit; unequal exchange; Marxist economics; Marxist value theory; finance;
    All these keywords.

    JEL classification:

    • B3 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • H27 - Public Economics - - Taxation, Subsidies, and Revenue - - - Other Sources of Revenue
    • G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth

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