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A note on Steedman's " Joint production and the 'new solution' to the transformation problem"

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Author Info
Simon Mohun (Queen Mary and Westfield College, University of London and University of Sydney)

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Abstract

This note considers a recent attempt by Steedman to show some drawbacks in a literature on the Marxian concepts of value and price associated with Dumenil and Foley. The note argues that Steedman's critisisms are misconceived and that issues of joint production exhibit no difficulties for Marxian economics that are not already present in the standard Sraffian approach to prices and the rate of profit.

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Publisher Info
Article provided by Department of Economics, Delhi School of Economics in its journal Indian Economic Review.

Volume (Year): 28 (1993)
Issue (Month): 2 (July)
Pages: 241-246
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Handle: RePEc:dse:indecr:v:28:y:1993:i:2:p:241-246

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E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Institutional; Evolutionary

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