Negative Labor Vailues and the Joint Production Technique: A Debate in the Marxian Transformation Problem

Hamid Mohtadi ()

Review of Radical Political Economics, 1981, vol. 13, issue 4, 33-38

Abstract: This short paper focuses on a debate between M. Morishima and G. Catephores on the one hand, and I. Steedman on the other. It deals with the question of negative labor value in a commodity produced under joint production techniques with no fixed capital and examines the feasibiliy of that question. It demonstrates that Steedman's position, regardless of its internal consistency, is implausible, and that Morishima and Catephores's critique of Steedman is subject to certain limitations. It may be possible to overcome these limitations along the lines suggested, if the latter scheme is to be valid under more general circumstances.

Date: 1981
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:13:y:1981:i:4:p:33-38

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