Price Determination in Chapter X of Volume III of Marx's Capital

Theodore Lianos and Vassilis Droucopoulos
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Vassilis Droucopoulos: University of Athens, Athens, Greece

Review of Radical Political Economics, 1992, vol. 24, issue 1, 89-100

Abstract: The argument of this paper is that, despite claims to the contrary, Marx provided the theoretical underpinnings necessary for the construction of a model of price determination. The paper shows how under competitive conditions the Marxian concepts of individual value, market value, market price, and price of production can become parts of a unified theory of price determination.

Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:24:y:1992:i:1:p:89-100

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