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This article deals with a theoretical point: the alleged consistency of the Marxian notion of exploitation with the Sraffian theory of prices. The problem is examined in a historico-critical perspective. The discussion is centred on the idea that in a circular model of production with vertically...
Persistent link: https://www.econbiz.de/10011109992
In Volume I of Capital, Marx offers actual data from a Manchester spinning factory describing that business. In Volume … suggest correlation to the spinning factory data. Nevertheless, Marx seems to slide over the costs of new machinery when …
Persistent link: https://www.econbiz.de/10011189205
extricate French positivism from the Marxism that developed after Marx. [Part III] The final chapter by Jorgen Sandemose … theory and considers implications for the current crisis. Paul Zarembka extends, theoretically and empirically, Marx … presents a careful argument that the beginning of Marx's 'Capital' had origins in many philosophical traditions and especially …
Persistent link: https://www.econbiz.de/10011193718
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
The difficulties of the classical and Marxian labour theory of value are overcome when labour is measured in terms of marginal labour value. Marginal labour value is the inverse of the marginal productivity of labour. Relative prices are equal to the ratio of marginal labour values. This article...
Persistent link: https://www.econbiz.de/10005619897
This article contributes to the theoretical debate of Marxist concepts of value and productive labor. It defines value as an indirect social labor and evaluates the traditional distinction between productive activities and circulation. Also, it questions the traditional concepts of intensive...
Persistent link: https://www.econbiz.de/10005747286
[Part I] Confronting 9-11, the first chapter draws upon a Hegelian-Marxist concept of concrete evil, connecting malevolence to ruling elites, while additionally addressing sub-surface political forces. It is followed by 'deep political' analysis of drugs, in addition to oil, as controlling...
Persistent link: https://www.econbiz.de/10011193716
This article further develops the notion of a turnover continuum so as to better comprehend the logical structure of Capital. The concept is modified to include surplus value and the interconnectedness of multiple industries. By bringing together the value of labor-power, the monetary expression...
Persistent link: https://www.econbiz.de/10011137344
integral part of modern mathematical optimization methods not found in Marx. The analysis offers a further development and … 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
Until recently, the name of Wolfgang Mühlpfordt (1872-1928) was certainly not among those a theoretical economist was expected to know. Mühlpfordt has now been rehabilitated not only in the Cambridge Journal of Economics (Howard and King: 1987 and Gilibert:1991), but also in the German...
Persistent link: https://www.econbiz.de/10008545977