PROFIT AND RENT: STATIC AND DYNAMIC FORMS OF SOCIETY Cover Image

PROFIT I RENTA: STATIČNI I DINAMIČNI OBLICI DRUŠTVA
PROFIT AND RENT: STATIC AND DYNAMIC FORMS OF SOCIETY

Author(s): Milko Štimac
Subject(s): Economy, Business Economy / Management, Socio-Economic Research
Published by: HESPERIAedu
Keywords: Profit; rent; social relations; economy; turn-over; asset; capital

Summary/Abstract: Profit and rent are two basic principles of economic organization. When the economy is based on one of them, then the characteristics of that organization are transferred to the whole society. These basic social relations are not historical, but are always present, one or the other. From the point of view of basic social relations, there is only the repetition of the alternation of societies based on profit, societies based on rent, and vice versa. A rent-based society rests on superordinate relationships between social classes, with those who can secure their income based on their superior position in the social hierarchy. A for-profit society, on the other hand, clearly speaks of the existence of interests and, in its institutions, which at a certain level are united in the state, tries to provide ways to independently satisfy those interests. In it, income is secured by capitalizing assets, putting it into circulation on the market, from real estate, through talent, to labor. These societies are most often shaped into open civil societies, with a prevailing middle class, parliamentary democracy, and a market economy. Neither one nor the other organizational model will and cannot prevail permanently. Neither rent society nor profit society can exist as pure models, without admixture of the other. They need each other, as a necessary complement, for the prevailing model to function. The rent and profit model of the economy and society are opposed, but they are also mutually complementary.

  • Issue Year: 2023
  • Issue No: 1
  • Page Range: 57-85
  • Page Count: 29
  • Language: Serbian
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