Simultaneous Valuation Extirpated

John R. Emstt
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John R. Emstt: Economics Dept., Graduate Faculty, New School for Social Research, New York, N.Y. 10011

Review of Radical Political Economics, 1982, vol. 14, issue 2, 85-94

Abstract: The neo-Ricardian interpretation of Marx's concept of value is criticized. A one commodity, circulating capital model is presented which both reinstates the neglected intertemporal aspect of value magnitudes, and seriously challenges the neo-Ricardian's "refutation" of the law of the tendency of the rate of profit to fall. Much of the further significance of the argument is summarily stated as a conclusion.

Date: 1982
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:14:y:1982:i:2:p:85-94

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