Macroeconomic Analysis of Profit

Andrea Carrera is Professor of economics ('contratado doctor' by ANECA) at Nebrija University, Madrid, Spain. He has gained academic and business experience in both Europe and North America. He has lectured on and authored a number of scientific articles in economics, and he has worked for large and medium companies. Andrea holds a PhD (Switzerland) and an MPhil (Spain) in economics. He loves 20th-century history, languages, food, and hiking with good friends.

• Figures. Tables. Foreword Alvaro Cencini and Sergio Rossi. Foreword and Acknowledgments Andrea Carrera.Introduction.1 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?2 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.3 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.4 New Directions in the Theory of Profit. Wages and Profit Allocation. Wages and Invested Profit. Profit and Interest. Profit and Capital Growth.5 Profit, lending, and Banking Reforms. The bugbear of the new financial crisis. The fragility of regional regulations. Challenges to Basel III. A reform of the system of national payments.Conclusion.References. Name index. Subject index.