Interest and profit

作     者：John Smithin 

作者机构：Department of Economics and the Schulich School of Business York University Toronto M3J1P3 Canada 

出 版 物：《Chinese Business Review》 (中国经济评论（英文版）)

年 卷 期：2009年第8卷第6期

页      面：1-13页

学科分类：12[管理学] 120202[管理学-企业管理（含：财务管理、市场营销、人力资源管理）] 02[经济学] 0202[经济学-应用经济学] 1202[管理学-工商管理] 1201[管理学-管理科学与工程(可授管理学、工学学位)] 020204[经济学-金融学（含∶保险学）] 

主　　题：interest rates profit income distribution classical economics Keynes Marx Kaldor Kalecki 

摘      要：This paper argues that it is important to distinguish between the real rate of interest on money and the profitability of business enterprise. The former is a purely financial or monetary phenomenon （as claimed by Keynes） and the latter is in the nature of a surplus over and above the costs of production, including financing costs. There is an inverse relationship between the real rate of interest on money and the average mark-up or profit share. A synthetic theory of profit illustrates these points.