Reply

Fred Moseley

International Journal of Political Economy, 2017, vol. 46, issue 1, 43-49

Abstract: The issues discussed in my reply are: whether Marx’s prices of production are long-run equilibrium prices, and the relation between Marx’s prices of production and neoclassical long-run equilibrium prices, the overall logical structure of Capital, the nature of the initial givens in Marx’s theory (monetary vs. physical quantities), the determination of constant capital in particular, and the relation between Marx’s theory of the rate of profit and Sraffa’s theory of the rate of profit.

Date: 2017
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DOI: 10.1080/08911916.2017.1310473

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