The transformation of values into prices on the basis of random systems revisited: reply to my commentators

This paper defends The Transformation of Values into Prices on the Basis of Random Systems, published in EIER, by answering to the Comments made in the same journal by Professors Mori, Morioka and Yamazaki. The clarifications mainly concern the justification of the randomness assumptions, the conditions needed to obtain the equality of total profit with total surplus value in the simplified one-industry system and the invariance of the results to changes in the units of measurement.

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Year of publication:	2020
Authors:	Schefold, Bertram
Published in:	Evolutionary and Institutional Economics Review. - Tokyo : Springer Japan, ISSN 2188-2096. - Vol. 18.2020, 1, p. 317-334
Publisher:	Tokyo : Springer Japan
Subject:	Marxian economics \| Transformation problem \| Capital theory \| Sraffian economics \| Profits and distribution

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.1007/s40844-020-00174-1 [DOI]
Classification:	B14 - Socialist; Marxist ; B24 - Socialist; Marxist ; B16 - History of Economic Thought: Quantitative and Mathematical ; C65 - Miscellaneous Mathematical Tools ; D57 - Input-Output Analysis
Source:	EconStor

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014504271