Wednesday , May 8 2024
Home / Post-Keynesian / The Labor Theory of Value and Sraffa’s Standard Commodity with Markup Pricing

The Labor Theory of Value and Sraffa’s Standard Commodity with Markup Pricing

Summary:
I have uploaded a working paper with the post title. Abstract: This article demonstrates relationships that are transparent in Sraffa's standard system hold even when relative rates of profit vary persistently among industries. Even with such variations, total constant capital, total variable capital, total surplus value, and the rate of profits are unaltered by evaluation at labor values and at prices of production in Sraffa’s standard system. These results buttress those who see in the standard commodity a solution for Marx’s so-called transformation problem.

Topics:
Robert Vienneau considers the following as important: ,

This could be interesting, too:

Robert Vienneau writes Marxian Political Economy As Forward-Looking

Robert Vienneau writes A Letter From Marx To Engels In 1858 Outlining His Critique Of Political Economy

Robert Vienneau writes A History Of Production Processes In Volume 1 Of Capital

Robert Vienneau writes Keynes And Marx

I have uploaded a working paper with the post title.

Abstract: This article demonstrates relationships that are transparent in Sraffa's standard system hold even when relative rates of profit vary persistently among industries. Even with such variations, total constant capital, total variable capital, total surplus value, and the rate of profits are unaltered by evaluation at labor values and at prices of production in Sraffa’s standard system. These results buttress those who see in the standard commodity a solution for Marx’s so-called transformation problem.

Leave a Reply

Your email address will not be published. Required fields are marked *