A model of values and prices based on a solution to the transformation problemand the redefinition of key categories of the Marxian labor theory of value

Un modelo de valores y precios basado en una solución al problema de la transformación y la redefinición de categorías clave de la teoría del valor trabajo marxista

Marcelo Andrés Verbeke ()
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Marcelo Andrés Verbeke: CITECDE, Instituto de Estudios en Ciencia, Tecnología, Cultura y Desarrollo, Universidad Nacional de Río Negro.

Iberian Journal of the History of Economic Thought, 2022, vol. 9, issue 2, 81-94

Abstract: This article presents a comprehensive values and prices formation model based on Marx’s (1992, 1993) labor theory of value within a Temporal Single-System Interpretation (TSSI) framework. This model bases on a new interpretation of the Marxian Fundamental Theorem (FMT) and the Monetary Expression of Labor Time (MELT). If the modification in the dialectical sequence of the formation of the categories and the introduction of the dual determination of socially necessary labor time are accepted, the transformation problem encounters solution in the interpretation of Carchedi and de Haan (1996). Likewise, contemporary approaches reveal the need for a redefinition of key categories of the Marxist labor theory of value to develop a logically coherent model. Thus, the proposed model includes the dimension of the realization problem that commodities face in the market and introduce analytical categories for both production and realization periods. Finally, value category is redefined

Keywords: Karl Marx; Labor theory of value; Transformation problem of values into prices; Realization problem; Category; Exploitation.; Carlos Marx; Teoría del valor trabajo; Problema de la transformación de valores a precios; Problema de la realización; Categoría; Explotación. (search for similar items in EconPapers)
JEL-codes: B14 B24 B51 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ucm:ijohet:v:9:y:2022:i:2:p:81-94

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Dpto. Historia e Instituciones Económicas I. Facultad de CC. Económicas y Empresariales, Universidad Complutense de Madrid. Campus de Somosaguas. E-28223 Pozuelo de Alarcón (Madrid)

DOI: 10.5209/ijhe.81690

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