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A transformação de valores em preços segundo o Sistema Temporal Único: uma apreciação crítica

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  • Cláudio Gontijo

    (FACE-UFMG)

Abstract

This article presents a critique of the solution of the Temporal Single System Marxism (TSS) for the problem of transforming values into prices, which establishes that values and prices are simultaneously determined in a sucession of periods of production and circulation; the value transferred by constant and varaible capital are not equal to the value of the goods they purchase but to the value of the money used to purchase these goods; and money represents a definite number of labor hours. It shows that the TSS does not go beyond the Samuelson-Steedman’s criticism, according to which values and prices are separately determined. In their attempt to salve "Marx’s lemma", the defenders of this approach re-read Marx’s Capital, discharging the long run equilibrium method, adopting an ideal concept of money in the place of commodity-money, abandoning the axiom that value is not generated in circulation and breaking with the structural logic of Capital. Despite criticizing the traditional usage of simultaneous equations to deal with the transformation question, they end up generating simultaneous equations that converge towards the tradicional long-run equilibrium positions.

Suggested Citation

  • Cláudio Gontijo, 2005. "A transformação de valores em preços segundo o Sistema Temporal Único: uma apreciação crítica," Textos para Discussão Cedeplar-UFMG td275, Cedeplar, Universidade Federal de Minas Gerais.
  • Handle: RePEc:cdp:texdis:td275
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    File URL: http://www.cedeplar.ufmg.br/pesquisas/td/TD%20275.pdf
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    Keywords

    transformation problem; labor-value; prices of production; Temporal Single System; theory of value; value and distribution;

    JEL classification:

    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian

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