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Costos de transacción, un hallazgo no tan reciente. Aproximaciones a la teoría de los costos de circulación de Karl Marx

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  • German Darío Valencia Agudelo

Abstract

The contributions of the neoinstitutionalist school are recognized today like one of the more important in the economic field; this due that include a range of aspects that are fundamental in the taking of decisions of the companies called Transaction Costs in their economic analysis of the market. The paradoxical thing is that this “great discovery” it had already been exposed before one century by Karl Marx in the Second book of The Capital, Critic of the Political Economy. Marx’s contribution about the Costs of Circulation it is enormous, because it defines, it classifies and it proposes solutions to this expense in a rigorous and novel way, even leading to the current proposals. The strange thing is that this theoretical proposal has not been recognized by none of the economists that work in the topic.

Suggested Citation

  • German Darío Valencia Agudelo, 2006. "Costos de transacción, un hallazgo no tan reciente. Aproximaciones a la teoría de los costos de circulación de Karl Marx," Grupo Microeconomía Aplicada 030, Universidad de Antioquia, Departamento de Economía.
  • Handle: RePEc:lde:grupom:030
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    Keywords

    Costs of Circulation; Transaction Costs; Marxian economics; Neoinstitucional economics;

    JEL classification:

    • B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist
    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior

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