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Annex to “Connecting labour values and relative prices”. New explanatory graphic


  • Melendez-Plumed, Vicenc


An explanatory graphic where values and relative prices, expressed in wage units, are represented at different rates of profit - in prices - is attached to the document "Connecting labour values and relative prices" (18017). It is shown that there is a specific rate calculated without reference to price data that allows the equalization of total plus value and total profits. Simultaneously, adding this quantity to the total labour values of a system makes it equal to the total sum of relative prices expressed in wage units.

Suggested Citation

  • Melendez-Plumed, Vicenc, 2012. "Annex to “Connecting labour values and relative prices”. New explanatory graphic," MPRA Paper 40969, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:40969

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    References listed on IDEAS

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    More about this item


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

    JEL classification:

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

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