FROM SRAFFA: BACKWARDS, TO A BETTER UNDERSTANDING OF MARX’S VALUES/PRICES “TRANSFORMATION”; AND FORWARD, TO A NOVEL VIEW OF GROWING ECONOMIC SYSTEMS
Luigi L. Pasinetti and
Cahiers d’économie politique / Papers in Political Economy, 2015, issue 69, 73-96
The type of analysis carried out on the Sraffa system allows us to present a general version of the much-discussed problem of the “transformation of values into prices of production,” which Marx sets out in Volume III of Das Kapital. Moreover, the present contribution aims at showing how the introduction of “Keynesian” income distribution theory within a multisectoral framework—along the lines of Pasinetti (1962a, 1981, 1988)—allows one to reformulate a perfectly general theory of value in such a way as to uncover the properties of the labour values in terms of the long-run growth of the economic system.
Keywords: Transformation of values into prices of production; vertically hyper-integrated sectors; income distribution. (search for similar items in EconPapers)
References: Add references at CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:cpo:journl:y:2015:i:69:p:73-96
Ordering information: This journal article can be ordered from
142 rue du faubourg Saint-Martin. 75010 Paris, France.
Access Statistics for this article
Cahiers d’économie politique / Papers in Political Economy is currently edited by Claire Pignol
More articles in Cahiers d’économie politique / Papers in Political Economy from L'Harmattan
Bibliographic data for series maintained by Carlos Andrés Vasco Correa ().