Special feature: workshop on random system solution of the transformation problem: discussion with Prof. Bertram Schefold

According to the concept of exploitation based on the labor theory of value, those industries that employ larger numbers of workers acquire more surplus value than those of smaller numbers of workers. [...]under the condition of the free movement of capital, the same amount of capital has to receive...

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Veröffentlicht in:Evolutionary and institutional economics review 2019-12, Vol.16 (2), p.259-260
1. Verfasser: Yagi, Kiichiro
Format: Artikel
Sprache:eng
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Zusammenfassung:According to the concept of exploitation based on the labor theory of value, those industries that employ larger numbers of workers acquire more surplus value than those of smaller numbers of workers. [...]under the condition of the free movement of capital, the same amount of capital has to receive the same amount of profit without difference among industries. [...]to prove the exploitation under capitalism, value and surplus value in the first volume of Marx’s Capital have to transform themselves to production price and profit. Modern debates on capital taught us that price system, consequently the value of capital too, is not independent of the distribution. [...]transformation problem” is located close to the core of classical and modern theory of price and capital.
ISSN:1349-4961
2188-2096
DOI:10.1007/s40844-019-00134-4