for understanding the modern economy. The focus of this volume is the money prices of commodities. In light of the failure … approaches are manifest in their inability to explain the changes in the relative prices of commodities, taking place in the … Marx’s explanation is that prices are set by producers prior to putting their commodities into the process of circulation …

This study investigates the short and long run relationship between crude oil, natural gas and electricity prices in US … and in European commodity markets. The relationship between energy commodities may have several implications for the …