Principles of capitalistic commodity production: a rejoinder
AbstractReich (2013) recapitulates my model (Helmedag 2012a) incorrectly. Above all, he mixes up exogenous with endogenous variables. Moreover, Reich's interpretation of the system's dynamics is on the one hand formally insufficient; on the other hand, matters are presented in a more complicated way than necessary.
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Bibliographic InfoArticle provided by Edward Elgar in its journal European Journal of Economics and Economic Policies: Intervention.
Volume (Year): 10 (2013)
Issue (Month): 3 (December)
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Web page: http://www.elgaronline.com/ejeep
effective demand; employment; income shares; labour theory of value; rate of profit;
Find related papers by JEL classification:
- A10 - General Economics and Teaching - - General Economics - - - General
- B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
- E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
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