M. I. Tugan-Baranovsky about a socio-economic nature of profit

Muzhailo Vasiliy
Candidate of Еconomic Sciences, Assistant Professor of department economic theory, Odessa University of Finance of Ukranian State University of Finance and International Trade. E-mail:coach8807@mail.ru

Cite this article:

Muzhailo V., (2015) M. I. Tugan-Baranovsky about a socio-economic nature of profit. Ed.: М.D. Baldzhy (ed.-in-ch.) and others [Systema pensiinoho zabezpechennia Ukrainy ta yevrointehratsiini protsesy; za red.: М. D. Baldzhy (gol. red.)], Scientific Bulletin of the Odessa National Economic University (ISSN 2313-4569), Odessa National Economics University, Odessa, No. 10(230), pp. 151-160.

Abstract

The article reveals the historical genesis of the economic category of "profit" from the first notions about its socio-economic nature to modern concepts on the basis of the system analysis. Importantly, the article discusses the views on the profit of not only foreign, but also domestic scientists, in particular, M. I. Tugan-Baranovsky, the most famous Ukrainian economist among the global scientific community, who considered the category of profit («which everyone knows, but understands differently»), as an extremely fertile ground for discussion and debate. The study of the scientific achievements of the scientist demonstrated that M. I. Tugan-Baranovsky had its own, original views on profit, which, in his understanding, is not an unpaid part of value and is not a surplus of value, but the share of capitalists in the total product, the amount of which is determined by class struggle, and that he actively debated with some findings and postulates of Marxist theory of profit. The paper clearly shows that the great achievement of M.Tugan-Baranovsky is also the fact that, in his opinion, in the real economic conditions the distinction between profit of the enterprise and profit of the entrepreneur, i.e. the owner of the company, needs to be made. Proceeding from these assumptions, the scientist stresses the need of not only reflecting on the essence and the inward nature of profit but also draws attention to the methodology of its calculation, the mechanism of determination of the net profit of the enterprise.

Keywords

theory, profit, value, capital, income, costs.

JEL classification: В31

UD classification: 330.143:330.8

References

1. Маршалл А. Принципы экономической науки: В 3т. – М.: Прогресс,1993. – Т. 1. – 415с.
2. Шумпетер Й. Теория экономического развития. – М.: Прогресс,1982. – 455 с.
3. Найт Ф. Риск, неопределенность и прибыль./ Ф. Найт, пер. с англ. М.Я. Каждана. – М.: Дело, 2003. – 359 с.
4. Самуэльсон П. Экономика. – М.: «Алгон», 1994.- Т.2.- 415 с.
5. Туган-Барановський М.И. Социальная теория распределения. – СПб., 1913. – 96 с.
6. Туган-Барановський М.И. Теоретические основы марксизма. – СПб., 1905. – 218 с.
7. Туган-Барановський М.И. Коммерческий деятель. – 1911. – № 1. - С.1-5.