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Ricardo's theory of value and distribution is reconstructed by proceeding along the lines of Marx's critique of Ricardo …'s definitions and presupposes his own - faulty - theory of surplus value. Therefore Ricardo's theory can - contrary to Marx's theory …
Persistent link: https://www.econbiz.de/10009219642
The two main critiques of the labour theory of value - the critique of contradiction and the critique of redundancy …) reveal how the reactionary political use of Sraffa's theory avoid the expansion of Marxism within economics; 2) explain how …
Persistent link: https://www.econbiz.de/10010722747
Economic Theory (sometimes called the Labour Theory of Value). Until recently marginalism has held centre-stage. Things changed …
Persistent link: https://www.econbiz.de/10010670384
economy based on a 'three stages' theory of society, a labour theory of normal prices and distribution, and a concept of … process of gravitation towards equilibrium, a quid pro quo theory of taxation - which attracted Turgot's attention. Had it not …' theory of society, which lies at the core of his analytical argument. Then follows an analysis of his principle ideas in …
Persistent link: https://www.econbiz.de/10004966958
Ronald Meek has (deliberately) ignored a very important discovery of Jevons. When labour is measured in terms of marginal labour values prices are proportional to these values and commodities exchange accordingly. This has been rediscovered by Soviet economists and that has been published in the...
Persistent link: https://www.econbiz.de/10005835681
This paper is the first part of a Marxian critique of the theory of the firm, focusing on the analysis of labour values … coherent interpretation of Marx's value theory. The analysis is limited to the case of the competitive firm. …
Persistent link: https://www.econbiz.de/10008502745
for the modern theory of production prices which is now associated with, among others, the name of Piero Sraffa. …
Persistent link: https://www.econbiz.de/10008545977
This paper is the first part of a Marxian critique of the theory of the firm focusing on the analysis of labour values … offers a further development and coherent interpretation of Marx's value theory. The analysis is limited to the case of the …
Persistent link: https://www.econbiz.de/10008550068
One of the foundations of the labour theory of value used by Ricardo in the Principles is that rent does not enter into …
Persistent link: https://www.econbiz.de/10008534270
The modern reformulation of Classical analysis of value and distribution built upon Sraffa’s Production of Commodities provides quite a general and open framework to study distributive relationships, that deserves to be still explored. The present work aims to go through these relationships...
Persistent link: https://www.econbiz.de/10005000670