The Transformation Problem : an Aleternative Solution with an Identical Aggregate Profit Rate in the Labor value and the Monetary Space
Article [Version of Record]
Is part of
Cahier de recherche ; no. 9625.Publisher(s)
Université de Montréal. Département de sciences économiques.Affiliation
Keywords
- [JEL:B14] Schools of Economic Thought and Methodology - History of Economic Thought through 1931 - Socialist; Marxist
- [JEL:B24] Schools of Economic Thought and Methodology - History of Economic Thought since 1931 - Socialist; Marxist
- [JEL:D33] Microeconomics - Distribution - Factor Income Distribution
- [JEL:D46] Microeconomics - Market Structure and Pricing - Value Theory
- [JEL:D57] Microeconomics - General Equilibrium and Disequilibrium - Input-Output Tables and Analysis
- [JEL:E11] Macroeconomics and Monetary Economics - General Aggregative Models - Marxian; Sraffian; Institutional; Evolutionary
- [JEL:P16] Economic Systems - Capitalist Systems - Political Economy
- [JEL:B14] Méthodologie et histoire de la pensée économique - Histoire de la pensée économique jusqu'en 1925 - Pensée socialiste, marxiste
- [JEL:B24] Méthodologie et histoire de la pensée économique - Histoire de la pensée économique depuis 1925 - Pensée socialiste, marxiste
- [JEL:D33] Microéconomie - Distribution - Distribution du revenu des facteurs
- [JEL:D46] Microéconomie - Détermination des prix et structure du marché - Théorie de la valeur
- [JEL:D57] Microéconomie - Équilibre général et déséquilibre - Analyses entrées-sorties
- [JEL:E11] Macroéconomie et économie monétaire - Modèles généraux d'aggrégation - Marxien, Sraffien, institutionnal, évolutionariste
- [JEL:P16] Systèmes économiques - Systèmes capitalistes - Économie politique
Abstract(s)
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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