Principles of capitalistic commodity production: a rejoinder
Reich (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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Volume (Year): 10 (2013)
Issue (Month): 3 (December)
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- Jens Reich, 2013. "Principles of capitalistic commodity production reconsidered," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 10(3), pages 274â€”281-2, December.
- Fritz Helmedag, 2012. "Principles of capitalistic commodity production," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 9(1), pages 23-34.
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