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

Author

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  • Simon Mohun

    (Queen Mary and Westfield College, University of London and University of Sydney)

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.

Suggested Citation

  • Simon Mohun, 1993. "A note on Steedman's " Joint production and the 'new solution' to the transformation problem"," Indian Economic Review, Department of Economics, Delhi School of Economics, vol. 28(2), pages 241-246, July.
    • Handle: RePEc:dse:indecr:v:28:y:1993:i:2:p:241-246
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    Cited by:

    1. Rotta, Tomás N., 2021. "Effective Demand and Prices of Production: An Evolutionary Approach," Structural Change and Economic Dynamics, Elsevier, vol. 58(C), pages 90-105.
    2. Mariolis, Theodore, 2006. "A Critique of the ‘New Approach’ to the Transformation Problem and a Proposal," MPRA Paper 24019, University Library of Munich, Germany.

    More about this item

    JEL classification:

    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian

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