Connecting labour values and relative prices

Vicenc Melendez-Plumed ()

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Labour values; relative prices; rate of profit; plus value (search for similar items in EconPapers)
JEL-codes: B51 (search for similar items in EconPapers)
Date: 2009-10
New Economics Papers: this item is included in nep-lab
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:18017

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