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A Macroeconomic Analysis of Profit
Money, production, and profit
Bank money and the real economy
Banks since the industrial revolution
Interbank payments and the central bank
What room for profit?
Classical and neoclassical theories of profit
The old quest for the surplus
Profit at the outset of the neoclassical theory
Profit and contemporary neoclassical models
The neoclassical theory of distribution
Keynes and Keynesian theories of profit
At first, they were windfalls
The importance of profit expectations
‘Orthodox’ versions of The General Theory
Post-Keynesian theories
New directions in the theory of profit
Wages and profit allocation
Wages and invested profit
Value of total output
Profit and interest
Profit and capital growth
Profit, lending, and banking reforms
The bugbear of a new financial crisis
The fragility of regional regulations
Challenges to Basel III
A reform of the system of national payments
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