A Sraffian Interpretation of Marx
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Description: Tries to use Sraffian insights to resurrect the labor theory of value.
A SRAFFIAN INTERPRETATION OF MARX A SRAFFIAN INTERPRETATION OF MARX This article presents a Sraffian interpretation of Marx and investigates how much of the Labor Theory of Value is logically viable. The interpretation is presented by means of a simple two good example, thus restricting to arithmetic the mathematics needed to follow this exposition. The model upon which this example is based, however, easily generalizes to N goods, and derives from work done decades ago by John Eatwell.
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| Date | Creation Date: 17-mar-1994 Expiration Date: 18-mar-2015 |