Abstract
The analysis of the relationship between the rates of interest and profit deals with how to integrate the theory of money with the theory of value and distribution. Different views on this subject reflect alternative positions expressed in the debates over these theories. They describe how changes in the financial markets affect the production process and vice versa, and have different policy implications.
This chapter was originally published in The New Palgrave: A Dictionary of Economics, 1st edition, 1987. Edited by John Eatwell, Murray Milgate and Peter Newman
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Bibliography
Hicks, J.R. 1939. Value and capital. Oxford: Clarendon Press.
Keynes, J.M. 1930. A treatise on money, vol. 2 vols. London: Macmillan.
Keynes, J.M. 1936. The general theory of employment, interest and money. London: Macmillan.
Sraffa, P. 1960. Production of commodities by means of commodities. Cambridge: Cambridge University Press.
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Panico, C. (1987). Interest and Profit. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95121-5_946-1
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DOI: https://doi.org/10.1057/978-1-349-95121-5_946-1
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Publisher Name: Palgrave Macmillan, London
Online ISBN: 978-1-349-95121-5
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