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Marx's Theory of Value

Bibliographic Data

ID9957181
AuthorsUlrich Steinvorth (University of Mannheim, corresponding author)
Year1977
Volume7
Issue4
Pages385-396
Publication date1977-12-01
Open AccessYes
TypeARTICLE
VenuePhilosophy of the Social Sciences (JOURNAL)
Journal identifiersISSN: 0048-3931 • E-ISSN: 1552-7441
PublisherSAGE Publications (PUBLISHER • US)
DOI10.1177/004839317700700404
OpenAlexW2003672241
LanguageEN

Engels' interpretation of Marx's economic theory of value. which has been widely accepted up to this day, is based on Marx's approach to a theory of value in his third volume of Capital. But the theory of value of the first volume of Capital, implied by Marx's analyses in the first volume of Capital and only summarized in its first chapter, is inconsistent with the third volume's approach. It is consistent with theories of value which do not hold that prices are deter mined by labour

Capital (architecture) · Economics · Epistemology · Interpretation (philosophy) · Mathematical economics · Neoclassical economics · Physics · Positive economics · Prices of production · Thermodynamics · Use value · Value (mathematics) · Value theory · Volume (thermodynamics) · History · Mathematics · Philosophy · Political Economy and Marxism

Highly citedNo

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