A note on Steedman's " Joint production and the 'new solution' to the transformation problem"

Simon Mohun

Indian Economic Review, 1993, vol. 28, issue 2, 241-246

Abstract: This note considers a recent attempt by Steedman to show some drawbacks in a literature on the Marxian concepts of value and price associated with Dumenil and Foley. The note argues that Steedman's critisisms are misconceived and that issues of joint production exhibit no difficulties for Marxian economics that are not already present in the standard Sraffian approach to prices and the rate of profit.

JEL-codes: E11 (search for similar items in EconPapers)
Date: 1993
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