%0 Journal Article
%T The Question of Profits
%A Robin Hahnel
%J Review of Radical Political Economics
%@ 1552-8502
%D 2019
%R 10.1177/0486613417709032
%X Where do profits come from? Are they morally justified? Sraffians provide a clear answer to the first question but have declined to give a direct answer to the second question. This article argues that the ¡°fundamental Sraffian theorem¡± implies a compelling moral critique of profits, but that this critique can be strengthened by replacing the ¡°contribution-based¡± approach common among economists with a ¡°sacrifice-based¡± theory consistent with work by modern egalitarian philosophers. JEL Classification: B51, D33, D6
%K Sraffa
%K distributive justice
%K surplus
%K profits
%K effort
%U https://journals.sagepub.com/doi/full/10.1177/0486613417709032