Profit and Enterprise: The Political Economy of Profit

This book is a theoretical and historical study of the major schools of thought on the subject of profit, showing the impact on modern teaching by examining the writings of leading theorists. Interest in the topic of profit and enterprise is currently high. It is not just in enterprise Britain that the "entrepreneurial spirit" has been praised and encouraged. Governments around the world have been cutting taxes and rolling back the state to encourage entrepreneurs. Even in socialist countries of the world there has been a massive move towards more market-oriented economies. Despite this attention, the phenomenon of profit (at the heart of entrepreneurialism) has rarely been investigated as a viable subject for study in its own right. The book features coverage of profit and enterprise at the undergraduate textbook level, covers all of the main schools of economic thought and complements traditional textbooks on principles and microeconomics (particularly timely with current emphasis on private enterprise and free market economies).