A profit-rate invariant solution to the Marxian transformation problem
Bibliographic Data
| ID | 7706596 |
|---|---|
| Authors | Jean-Guy Loranger, J G Loranger (corresponding author) |
| Year | 2004 |
| Volume | 28 |
| Issue | 1 |
| Pages | 23-58 |
| Publication date | 2004-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Capital & Class (JOURNAL) |
| Journal identifiers | ISSN: 0309-8168 • E-ISSN: 2041-0980 |
| Publisher | SAGE Publications (PUBLISHER • US) |
| DOI | 10.1177/030981680408200104 |
| OpenAlex | W1996960631 |
| Language | EN |
| Citations received | 2 |
| References cited | 24 |
The proposed solution is based on the assumption of the invariance of the general profit rate and a money wage level determined simultaneously with prices. The labour cost is determined in the value space by a given exploitation rate (based on a historical cost as the other input coefficients) while it is determined endogenously in the monetary space. This solution diverges from the neo-Ricardian solution based on the invariance of a subsistence basket. It also diverges from the Dumenil-Foley-Lipietz solution based on the invariance of the labour cost while the general profit rate is endogenously determined with prices
Econometrics · Economics · Invariant (physics) · Labor theory of value · Labour economics · Mathematical economics · Microeconomics · Prices of production · Profit (economics) · Profit rate · Rate of profit · Subsistence agriculture · Wage · Wage rate · Economic theories and models · Economic Theory and Policy · Mathematical Physics · Mathematics · Political Economy and Marxism
Marx's Economics
Understanding Capital
An Inquiry into the Nature and Causes of the Wealth of Nations
Marx after Sraffa
Value and the quest for the core of capitalism
Value and the quest for the core of capitalism
Aggregation in Leontief Matrices and the Labour Theory of Value
A Marxian Alternative to the Traditional "Transformation Problem"
TGF-β Prodomain Alignments Reveal Unexpected Cysteine Conservation Consistent with Phylogenetic Predictions of Cross-Subfamily Heterodimerization
Marxian Economics
Marx and Non-equilibrium Economics
On the Principles of Political Economy, and Taxation
The Value of Money the Value of Labor Power and the Marxian Transformation Problem
L'importance de l'égalité du taux de profit moyen dans la solution du problème de la transformation
"The "Transformation Problem
Values and Prices
The ?new solution? to the transformation problem
Marx's (not Ricardo's) 'Transformation Problem
Marx without equilibrium
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,1 |
| Citation span | 2006 - 2013 (8) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |