real analysis misses economic reality. The specific result is that rent is a misnomer for the distributed profit of the …

income and profit explicitly into account. The axioms in combination with the conditions of market clearing, budget balancing … and initial zero profit determine all measurable variables objectively. It is the purpose of the present paper to formally …

The equalization of profit rates as the outcome of free competition is one of the oldest tenets in theoretical … a theory is one thing; to prove it is another.' First of all a consistent concept of profit is required. In the present … paper the structural axiom set is taken as premise. Thereof the determinants of profit and the profit ratio follow. This …

consistently failed to clarify the nature and magnitude of overall profit. No economist, though, would deny that profit is an …

This paper clarifies first the nature and significance of monetary profit by applying the structural axiom set as … consistent point of departure. As a crucial result the fundamental theorem of income distribution emerges. It states: profit is … no factor income. Since the individual firm is blind to this structural fact it subjectively interprets profit as some …

principle. This approach is unsuitable to explain the nature and magnitude of overall profit and its distribution within the … conditions of market clearing and equal profit ratios …

Theory ; Income ; Profit ; Distributed Profit ; Money ; Flow ; Residual ; Transaction Matrix ; General Complementarity …

Efficient progress of the monetary theory of production (MTP) is hampered by an unsatisfactory account of how profit …