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Connecting labour values and relative prices

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  • Melendez-Plumed, Vicenc

Abstract

A rate of profit, expressed in labour magnitudes, that allows matching total plus value with total profits is determined. The relative prices, expressed in wage units, associated with this rate ensure that total profits are equal to the difference between the sum of relative prices and the sum of labour values as well.

Suggested Citation

  • Melendez-Plumed, Vicenc, 2009. "Connecting labour values and relative prices," MPRA Paper 18017, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:18017
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    File URL: https://mpra.ub.uni-muenchen.de/18017/1/MPRA_paper_18017.pdf
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    More about this item

    Keywords

    Labour values; relative prices; rate of profit; plus value;

    JEL classification:

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

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