Annex to “Connecting labour values and relative prices”. New explanatory graphic

Vicenc Melendez-Plumed ()

MPRA Paper from University Library of Munich, Germany

Abstract: An explanatory graphic where values and relative prices, expressed in wage units, are represented at different rates of profit - in prices - is attached to the document "Connecting labour values and relative prices" (18017). It is shown that there is a specific rate calculated without reference to price data that allows the equalization of total plus value and total profits. Simultaneously, adding this quantity to the total labour values of a system makes it equal to the total sum of relative prices expressed in wage units.

Keywords: Labour values; relative prices; rate of profit; total plus value; total profits (search for similar items in EconPapers)
JEL-codes: B51 (search for similar items in EconPapers)
Date: 2012-08
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