Labor Values and Production Prices in a Sraffian Economic System with Extensive Income

Marina Da Cunha () and Rodolfo Hoffmann ()

Brazilian Journal of Political Economy, 2000, vol. 20, issue 2, 312-334

Abstract: This article develops an extension of Sraffian’s approach, considering a modelwhere the economy is divided into two sectors, the industrial and the agricultural. From asystem in physical units it is possible to determine labour values and prices of production.The paper analyses the determination of labour values using Morishima’s suggestion, withlinear programming. It is shown that in an economic system with land scarcity the existenceof positive surplus-value is not a sufficient condition for positive profits. JEL Classification: B51; D46.

Keywords: Sraffian analysis; labor value; property income (search for similar items in EconPapers)
Date: 2000
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