Munich Personal RePEc Archive

Teoría del valor en Valenzuela Feijóo: Una representación walrasiana de Marx

Goicoechea, Julio (2019): Teoría del valor en Valenzuela Feijóo: Una representación walrasiana de Marx.

[img] PDF
MPRA_paper_92387.pdf

Download (960kB)

Abstract

This paper examines the conceptual framework upon which José Valenzuela Feijóo unfolds a theory of value. The elementary form of value gives way to pairs of commodities which in spite of being ordinary, each is to function as money. The general economic equilibrium becomes a means to replace the total or expanded value form. The unit of account, after being reduced to a numeraire, is eliminated. Previously, in an isolated approach to Bortkiewicz, values and prices are to become, each, a self-contained system. The non-dogmatic version of Marx which he claims to provide is shown to be rooted in Walrasian precepts. To expose these precepts, he makes use of Marxian terminology. In an apparent antagonism with Walras, he disqualifies him harshly. The considerable resort to algebraic expressions by Valenzuela Feijóo is kept at a strict minimum.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.