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This paper was presented to the Brasilian Society for Political Economy at its 1998 conference. It presents the principal differences between the temporal and the simultaneist approach to the theory of value. It was the first paper to present a formal conceptual analogy between the temporal...
Persistent link: https://www.econbiz.de/10005837170
This text comprises chapter 1 of Marx and non-equilibrium Economics[1]. It specifies a non-equilibrium (temporal) interpretation of Marx’s theory of value which demonstrates a fully consistent transformation of values into prices and reproduces Marx’s tendential law of the falling profit...
Persistent link: https://www.econbiz.de/10005620036
examine the meaning of this concept in Leon Walras' and Wassily Leontief's works regarding mathematical models of general …
Persistent link: https://www.econbiz.de/10008924841
ABSTRACT The controversies between Ricardo and Malthus reached a new peak when Malthus published his pamphlet The … Measure of Value Stated and Illustrated and Ricardo responded by his critical Notes on Malthus’s ‘Measure of Value’ (1823 … [1992]) and by a further round of correspondence with Malthus (Works, IX). The new (and final) stage of these controversies …
Persistent link: https://www.econbiz.de/10011109536
This is an analysis of the present unsatisfactory state of the theory of capital and a proposal to reformulate this theory in line with some neglected late-Marxian views on the subject and in the light of the passage of capitalism from the industrial to a post-industrial era characterized by the...
Persistent link: https://www.econbiz.de/10011259258
This is a proposal to restate the theory of capital along critical Marxian lines aimed at providing a better integration of the theory of capital with the theory of money and finance. The time value of money must be properly accounted for. An analytical method is proposed to accomplish this...
Persistent link: https://www.econbiz.de/10011259280
This is a paper on the theory of capital. It deals with the role of capital in a cost-of-production theory of value in which both labour and capital are directly productive. The guidelines of an analytical method are proposed. Marx’s ‘monetary expression of abstract labour-value’ (MEV) is...
Persistent link: https://www.econbiz.de/10011259439
This paper discusses the development of environmental economics from the Industrial Revolution in Europe to today. Specifically, it comments on the general similarities and differences between the representatives of the schools of economic thought concerning the environment. Among others, the...
Persistent link: https://www.econbiz.de/10009404620
The purpose of this paper is to investigate whether the terms “working” and “circulating” capital are two different terms for the same concept; or whether they should be considered two different terms for two different concepts. This purpose will be carried out in two steps. The first is...
Persistent link: https://www.econbiz.de/10005789852
deals with the contrast between the notion of wealth shared by all major classical economists, particularly by Adam Smith …
Persistent link: https://www.econbiz.de/10005836064