IDEAS home Printed from https://ideas.repec.org/a/elt/journl/v87y2020i345p205-246.html
   My bibliography  Save this article

Capital y ganancia

Author

Listed:
  • Shaikh, Anwar

    (New School University)

Abstract

After mentioning Marx’s explanation of capitalist benefits, Steuart’s distinction between “production benefits” and “profits of alienation” is retaken. If the price system coincides with the value system, these benefits disappear (circulation is neutral), which Marx assumes, and which allows him to concentrate on the essentials of surplus value: that is unpaid work. In the essay the consequences of abandoning this assumption are examined, the “transformation problem” is pointed out, some Sraffa examples and hypotheses are retaken, and through a simple matrix presentation some relevant consequences are analyzed; for example, that aggregate monetary gains differ from total surplus value. It also refers to the profits of financial capital (interest and capital gains) and, in an introductory manner, the importance of the phenomenon is mentioned to explain the prices and monopoly profits, a core feature of contemporary capitalism.

Suggested Citation

  • Shaikh, Anwar, 2020. "Capital y ganancia," El Trimestre Económico, Fondo de Cultura Económica, vol. 87(345), pages 205-246, enero-mar.
    • Handle: RePEc:elt:journl:v:87:y:2020:i:345:p:205-246
    DOI: http://dx.doi.org/10.20430/ete.v87i345.1034
    as

    Download full text from publisher

    File URL: http://www.eltrimestreeconomico.com.mx/index.php/te/article/view/1034
    Download Restriction: no
    File URL: https://libkey.io/http://dx.doi.org/10.20430/ete.v87i345.1034?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elt:journl:v:87:y:2020:i:345:p:205-246. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Nuria Pliego Vinageras (email available below). General contact details of provider: http://www.fondodeculturaeconomica.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.