2016
HOW THE LAW OF PROFIT MAXIMIZATION MANIFESTS IN CONTEMPORARY ECONOMICS
JANÍČKO, Pavel and Ilona ŠVIHLÍKOVÁBasic information
Original name
HOW THE LAW OF PROFIT MAXIMIZATION MANIFESTS IN CONTEMPORARY ECONOMICS
Authors
JANÍČKO, Pavel (203 Czech Republic, guarantor, belonging to the institution) and Ilona ŠVIHLÍKOVÁ (203 Czech Republic, belonging to the institution)
Edition
Praha, The 10th International Days of Statistics and Economics, Conference Proceedings, p. 701-710, 10 pp. 2016
Publisher
Melandrium
Other information
Language
English
Type of outcome
Proceedings paper
Field of Study
50200 5.2 Economics and Business
Country of publisher
Czech Republic
Confidentiality degree
is not subject to a state or trade secret
Publication form
electronic version available online
RIV identification code
RIV/02819180:_____/16:#0000066
Organization unit
Banking Institute Research Center
ISBN
978-80-87990-10-0
Keywords in English
profits; gross operating surplus; compensation of employees
Tags
International impact, Reviewed
Changed: 6/3/2017 15:46, Dr. Jan Lachman
Abstract
V originále
The article deals with the topic of political economy: the development of ratio of profits (reflected as gross operating surplus) and compensation of employees. The situation in the Czech Republic is examined, also taking into account the structure of households´ incomes. The next part is devoted to comparisons in the EU, which show significant differences as to the ratio of gross operating surplus and compensation of employees. The difference indicates the division between the core countries (Germany, Netherlands), where the compensation of employees exceeds the gross operating surplus, and the countries of the periphery (Czech Republic, Poland, Greece), where the situation is the opposite. The data suggest further research into this topic is necessary.