Affiliation:
1. Economics Dept., Graduate Faculty, New School for Social Research, New York, N.Y. 10011
Abstract
The neo-Ricardian interpretation of Marx's concept of value is criticized. A one commodity, circulating capital model is presented which both reinstates the neglected intertemporal aspect of value magnitudes, and seriously challenges the neo-Ricardian's "refutation" of the law of the tendency of the rate of profit to fall. Much of the further significance of the argument is summarily stated as a conclusion.
Subject
Economics and Econometrics,Philosophy
Cited by
11 articles.
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