CONTENTS 
CHAPTER 1V 
The Theory of Profit 2 5 
1. The importance of the problem of distribution; Formula- 
tion of the question . . . 109 
2. The concept of capital; “Capital” and “profit” in the 
“Socialist” State .. . . 712 
3. General description of the capitalist production process; 
The formation of profits . . 119 
CHAPTER V 
The Theory of Profit (continued) . . . 728 
1. Two causes for the overestimation of present goods . 128 
a. The difference in the relation between needs and 
the means for their fulfilment at various times. 
b. The systematic underestimation of future goods. 
2. The third cause for the overestimation of present goods; 
Their technical superiority . . . 13% 
3. The subsistence fund; The demand for present goods and 
the supply of such goods; The origin of profit . . 149 
CHAPTER VI 
Conclusion . 
APPENDIX 
The Policy of Theoretical Conciliation . - . 6s 
1. Tugan-Baranovsky’s formula . . 164 
2. Tugan-Baranovsky’s “logic” . . . 166 
3. Tugan-Baranovsky’s fundamental fallacy . 1609 
Notes: oisus , iw. DT . 2. Uys 
Bibliography . . . 211 
Index -. =. 217 
6 
700 
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