The Transformation Problem: an Aleternative Solution with an Identical Aggregate Profit Rate in the Labor value and the Monetary Space

J.G. Loranger

Cahiers de recherche from Universite de Montreal, Departement de sciences economiques

Abstract: The aim of this paper is to demonstrate that, even if Marx's solution to the transformation problem can be modified, his basic conclusions remain valid. the proposed alternative solution which is presented hare is based on the constraint of a common general profit rate in both spaces and a money wage level which will be determined simultaneously with prices.

JEL-codes: B14 B24 D33 D46 D57 E11 P16 (search for similar items in EconPapers)
Pages: 16 pages
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:mtl:montde:9625

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