Mariolis, Theodore (2003): Controllability, Observability, Regularity, and the socalled Problem of Transforming Values into Prices of Production. Published in: AsianAfrican Journal of Economics and Econometrics , Vol. 3, No. 2 (December 2003): pp. 113127.

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Abstract
This paper specifies and interprets those direct relations which exist between the dual concepts of complete controllability/observability (Kalman, 1960), on the one hand, and the concept of the regular technique of production (Schefold, 1971), on the other. Specifically, it shows, first, that there is a certain dynamic system for determining labour values, which is connected with the usual system for determining prices of production (à la Sraffa, 1960, Part I) via the z(Laplace) transform, and, second, that the said system of values is completely controllable when and only when the system of production prices is regular. In view of the above, it could be considered that the z(Laplace) transform constitutes the solution to the – suitably reformulated – Marxian ‘problem of transforming values into prices of production’. However, on the basis of an economic interpretation of the z(Laplace) transform, this paper shows, ultimately, not only that such a consideration is erroneous, but also that the supposed ‘problem’ is devoid of economic meaning.
Item Type:  MPRA Paper 

Original Title:  Controllability, Observability, Regularity, and the socalled Problem of Transforming Values into Prices of Production 
Language:  English 
Keywords:  Control theory; controllability; observability; regular production technique; Sraffian theory; transformation problem 
Subjects:  B  History of Economic Thought, Methodology, and Heterodox Approaches > B5  Current Heterodox Approaches > B51  Socialist; Marxian; Sraffian D  Microeconomics > D4  Market Structure and Pricing > D46  Value Theory D  Microeconomics > D5  General Equilibrium and Disequilibrium > D57  InputOutput Tables and Analysis C  Mathematical and Quantitative Methods > C6  Mathematical Methods; Programming Models; Mathematical and Simulation Modeling > C61  Optimization Techniques; Programming Models; Dynamic Analysis C  Mathematical and Quantitative Methods > C6  Mathematical Methods; Programming Models; Mathematical and Simulation Modeling > C67  InputOutput Models E  Macroeconomics and Monetary Economics > E1  General Aggregative Models > E11  Marxian; Sraffian; Institutional; Evolutionary 
Item ID:  24043 
Depositing User:  Theodore Mariolis 
Date Deposited:  23. Jul 2010 02:55 
Last Modified:  17. Feb 2013 19:00 
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URI:  http://mpra.ub.unimuenchen.de/id/eprint/24043 