TY - JOUR
T1 - From Sraffa: backwards, to a better understanding of Marx’s Values/Prices ‘transformation’; and forward, to a novel view of growing economic systems
AU - Pasinetti, Luigi Lodovico
AU - Garbellini, Nadia
PY - 2015
Y1 - 2015
N2 - The type of analysis carried out on the Sraffa system allows us to present a general version of the much discussed problem of the ‘transformation of values into prices of production’, which Marx sets out in Volume III of Das Kapital (Marx, 1959, chapter IX). Moreover, the present contribution aims at showing how the introduction of ‘Keynesian’ income distribution theory within a multisectoral framework—along the lines of Pasinetti (1962a, 1981, 1988)— permits a reformulation of a perfectly general theory of value in such a way as to uncover the properties of the labour values in terms of long-run growth of the economic system.
AB - The type of analysis carried out on the Sraffa system allows us to present a general version of the much discussed problem of the ‘transformation of values into prices of production’, which Marx sets out in Volume III of Das Kapital (Marx, 1959, chapter IX). Moreover, the present contribution aims at showing how the introduction of ‘Keynesian’ income distribution theory within a multisectoral framework—along the lines of Pasinetti (1962a, 1981, 1988)— permits a reformulation of a perfectly general theory of value in such a way as to uncover the properties of the labour values in terms of long-run growth of the economic system.
KW - Keynes
KW - Keynesian’ income distribution theory
KW - Marx
KW - Pasinetti
KW - labour values in terms of long-run growth of the economic system
KW - transformation of values into prices of production
KW - Keynes
KW - Keynesian’ income distribution theory
KW - Marx
KW - Pasinetti
KW - labour values in terms of long-run growth of the economic system
KW - transformation of values into prices of production
UR - http://hdl.handle.net/10807/71435
M3 - Article
SN - 0154-8344
VL - 2015
SP - 73
EP - 96
JO - CAHIERS D'ÉCONOMIE POLITIQUE
JF - CAHIERS D'ÉCONOMIE POLITIQUE
ER -