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Connecting labour values and relative prices

Melendez-Plumed, Vicenc (2009): Connecting labour values and relative prices.

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Abstract

A rate of profit, expressed in labour magnitudes, that allows matching total plus value with total profits is determined. The relative prices, expressed in wage units, associated with this rate ensure that total profits are equal to the difference between the sum of relative prices and the sum of labour values as well.

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