Connecting labour values and relative prices
AbstractA rate of profit, expressed in labour magnitudes, that allows matching total plus value with total profits is determined. The relative prices, expressed in wage units, associated with this rate ensure that total profits are equal to the difference between the sum of relative prices and the sum of labour values as well.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 18017.
Date of creation: Oct 2009
Date of revision:
Labour values; relative prices; rate of profit; plus value;
Find related papers by JEL classification:
- B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
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