Annex to “Connecting labour values and relative prices”. New explanatory graphic
AbstractAn explanatory graphic where values and relative prices, expressed in wage units, are represented at different rates of profit - in prices - is attached to the document "Connecting labour values and relative prices" (18017). It is shown that there is a specific rate calculated without reference to price data that allows the equalization of total plus value and total profits. Simultaneously, adding this quantity to the total labour values of a system makes it equal to the total sum of relative prices expressed in wage units.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 40969.
Date of creation: Aug 2012
Date of revision:
Labour values; relative prices; rate of profit; total plus value; total profits;
Find related papers by JEL classification:
- B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-09-09 (All new papers)
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