The Transformation Problem : An Aleternative Solution with an Identical Aggregate Profit Rate in the Labor value and the Monetary Space.

The aim of this paper is to demonstrate that, even if Marx's solution to the transformation problem can be modified, his basic conclusions remain valid. The proposed alternative solution which is presented hare is based on the constraint of a common general profit rate in both spaces and a money wage level which will be determined simultaneously with prices.

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Year of publication:	1996
Authors:	Loranger, J.G.
Institutions:	Centre Interuniversitaire de Recherche en Économie Quantitative (CIREQ)
Subject:	WAGES \| PRICES \| LABOUR \| CAPITAL

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Series:	Cahiers de recherche.
Type of publication:	Book / Working Paper
Notes:	16 pages
Classification:	B14 - Socialist; Marxist ; B24 - Socialist; Marxist ; D33 - Factor Income Distribution ; D46 - Value Theory ; D57 - Input-Output Analysis ; E11 - Marxian; Sraffian; Institutional; Evolutionary ; P16 - Political Economy
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005729543