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On the All Commodities Surplus Theorem

Author

Listed:
  • Yukihiko Fujita

    (Fukuoka University)

Abstract

The purpose of this note is to propose the All Commodities Surplus Theorem (ACST) which is derived from the Hawkins-Simon (HS) condition. According to the Commodity Exploitation Theorem (CET), the HS condition implies the exploitation of only one commodity arbitrarily chosen. In contrast to the CET, the ACST emphasizes that the HS condition implies the exploitation of all commodities (or the existence of the surpluses in all commodity sectors). Based on the ACST, we derive the physical and price surplus determining equations, and integrating these two equations, we seek for the macro-identity (total amount of surplus products equals total amount of profits) in value theoretical contexts. These equations of this note have not appeared in the related literature. Because the economists in this field have studied by using the single commodity theory of value, it is impossible to derive the equations obtained in this note by their methods. We must use the ACST.

Suggested Citation

  • Yukihiko Fujita, 2021. "On the All Commodities Surplus Theorem," Economics Bulletin, AccessEcon, vol. 41(2), pages 276-282.
    • Handle: RePEc:ebl:ecbull:eb-20-00885
    as

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    File URL: http://www.accessecon.com/Pubs/EB/2021/Volume41/EB-21-V41-I2-P25.pdf
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    References listed on IDEAS

    as
    1. Hollander,Samuel, 2008. "The Economics of Karl Marx," Cambridge Books, Cambridge University Press, number 9780521793995.
    2. Hollander,Samuel, 2008. "The Economics of Karl Marx," Cambridge Books, Cambridge University Press, number 9780521790789.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    All Commodities Surplus Theorem; Hawkins-Simon condition; Commodity Exploitation Theorem;
    All these keywords.

    JEL classification:

    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • D6 - Microeconomics - - Welfare Economics

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