Showing 1 - 7 of 7
This article critically examines Christopher Arthur’s “New Dialectic”, showing its analytical and formal character, which works through the addition of determinations, making necessary to “reconstruct” Marx’s Capital. With the abandonment of the universal concrete, the unfolding of...
Persistent link: https://www.econbiz.de/10009193235
This article analyses the so-called "new solution" for the problem of transforming values into prices, which is based on the redefinition of the Marxian concepts of money and variable capital as well as on the assumption that the total value added should remain the same through the...
Persistent link: https://www.econbiz.de/10004968604
This article challenges the notion that the modern general equilibrium theory of Arrow-Debreu is a rigorous formulation of neoclassical economics and that, by contrast, Sraffian and Marxian economics are not compatible with it. It shows that the standard Arrow-Debreu assumptions regarding the...
Persistent link: https://www.econbiz.de/10004968709
This article presents a critique of the solution of the Temporal Single System Marxism (TSS) for the problem of transforming values into prices, which establishes that values and prices are simultaneously determined in a sucession of periods of production and circulation; the value transferred...
Persistent link: https://www.econbiz.de/10004968743
This article shows that the law of value is axiomatic and constitutes the necessary foundation of the system of prices of production, explaining the double character of the commodities, which cost capital for capitalists and labor for workers and the society as a whole. It sustains that...
Persistent link: https://www.econbiz.de/10005029959
This article presents a critique of the solution of the Temporal Single System Marxism (TSS) for the problem of transforming values into prices, which establishes that values and prices are simultaneously determined in a sucession of periods of production and circulation; the value transferred...
Persistent link: https://www.econbiz.de/10005085764
This article analyses the “new solution” for the transformation problem, which redefines the concepts of money and variable capital and assumes that the value added remains invariable through the transformation process. It argues that the “new solution” can not be accepted because: (i)...
Persistent link: https://www.econbiz.de/10005085965