Cavalieri, Duccio (2014): Towards an integrated theory of value, capital and money.
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Abstract
This is an analysis of the present state of the theory of capital. The paper contains a proposal to reformulate this theory in an ‘late-Marxian’ up-to-dated perspective. The central problem discussed is the integration of the theories of value and capital with those of money and finance. An augmented cost-of-production theory of value is advocated. Special attention is focused on the role of Marx’s ‘monetary expression of labour value’ (MEV), rediscovered and unduly modified by neo-Marxists with the purpose to make it compatible with Marx’s labour theory of value. JEL Codes: B12, D46, E11. Keywords: value;
Item Type: | MPRA Paper |
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Original Title: | Towards an integrated theory of value, capital and money |
English Title: | Towards an integrated theory of value, capital and money |
Language: | English |
Keywords: | value; labour; capital; money; critical Marxism; MEV; MELT. |
Subjects: | B - History of Economic Thought, Methodology, and Heterodox Approaches > B1 - History of Economic Thought through 1925 > B12 - Classical (includes Adam Smith) D - Microeconomics > D4 - Market Structure, Pricing, and Design > D46 - Value Theory E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models > E11 - Marxian ; Sraffian ; Kaleckian |
Item ID: | 58198 |
Depositing User: | Duccio Cavalieri |
Date Deposited: | 02 Sep 2014 10:01 |
Last Modified: | 27 Sep 2019 16:33 |
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URI: | https://mpra.ub.uni-muenchen.de/id/eprint/58198 |