Abstract Labour Theory of Value and Theory of Price

Samuel Jaramillo González ()

No 10735, Documentos CEDE from Universidad de los Andes, Facultad de Economía, CEDE

Abstract: The renewal of Marx's interpretation of capitalist society implies the recovery and development of his Theory of Value. The stream of thought known as Abstract Labour Theory of Value, or New Interpretation, proposes to do this, and points out that value is a category that is formed in the interaction between production and circulation (and not just in production, as the Ricardian conception). The theory of value exceeds a theory of price, but requires this piece of analysis that for now is underdeveloped. This paper aims to contribute to the task of constructing a price theory compatible with the abstract labor theory of value, and approaches this task in a simple commodity economy scheme.

Keywords: Labour Theory of Value; Marxist Economics; Price Theory; Abstract Labour Theory of Value; New approach (search for similar items in EconPapers)
JEL-codes: B51 (search for similar items in EconPapers)
Pages: 57
Date: 2013-03-11
New Economics Papers: this item is included in nep-hme, nep-hpe and nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://repositorio.uniandes.edu.co/bitstream/handle/1992/8408/dcede2013-21.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:col:000089:010735

Access Statistics for this paper

More papers in Documentos CEDE from Universidad de los Andes, Facultad de Economía, CEDE Contact information at EDIRC.
Bibliographic data for series maintained by Universidad De Los Andes-Cede ().