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We propose to re-read Ricardo's theory of rent and its modern versions. Ricardo's dynamic approach follows the transformations of a long-term equilibrium with demand. Sraffa adopted the same framework while substituting a value criterion for a physical criterion to determine the incoming...
Persistent link: https://www.econbiz.de/10010960388
Persistent link: https://www.econbiz.de/10009421792
This paper discusses the relation between law and contingency in the formation of value. It begins from a much-ignored assertion of Marx, repeated throughout his works, that the equality of supply and demand is contingent and their non-equality constitutes their law. This highly complex and...
Persistent link: https://www.econbiz.de/10005789658
In order to extend the theory of value and the trade-off property to economic systems with lands, Ricardo reduced their study to that of productive systems without lands by considering the marginal agricultural methods. Sraffa generalised the analysis to prices of production and rejected the...
Persistent link: https://www.econbiz.de/10010896333
According to Ricardo, land rent, in a capitalistic system of production, would consist of differential elements only, thus there would not be absolute rent. The present arti-cle is aimed at discussing this thesis by reconstructing the theoretical reasons leading Ricardo toward it and by showing...
Persistent link: https://www.econbiz.de/10005003910
In this paper we will try to represent in mathematical form some of the characteristics of a Post-Fordist economic system. In particular, we will focus on the theory of distribution, and on the role of income. We will try to identify the process that led to the crisis of Fordism by modifiyng the...
Persistent link: https://www.econbiz.de/10008784957
This paper presents an alternative to both Sraffa’s and his critics’ interpretations of the nature of Ricardo’s search for an ‘invariable measure of value’. It points out that Ricardo recognised two causes of change in the relative values of commodities: (i) changes in the labour...
Persistent link: https://www.econbiz.de/10008833452
[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 paper argues that Marx’s law of the falling rate of profit applies to the problematic of choice of technique in the context of accumulation of capital, and not to the problematic of choice of technique in the context of technological change or new innovation as such. In this context,...
Persistent link: https://www.econbiz.de/10011137402