The capital/product relation in the classical political economy

Samuel Kilsztajn ()

Brazilian Journal of Political Economy, 1995, vol. 15, issue 1, 150-153

Abstract: The capital/product relation in the classical political economy appears as a contradictoryrelation between capital and labor. In conformity with the theory of value, as productivityincreases, the commodities are depreciated in labor value, while capital is definedas value in self-expansion. This paper argues that the increase of the capital/product relation(or organic composition of capital) is theoretically linked to the decrease of the price level. JEL Classification: B12; B14.

Keywords: Investment; history of economic thought (search for similar items in EconPapers)
Date: 1995
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