Jenseits des Transformationsproblems. Vorläufiges Resümee einer Diskussion zum werttheoretischen Ansatz von F. Helmedag

Beyond the transformation problem. Preliminary result of a discussion about the approach of F. Helmedag in the framework of the labour theory of value

Friedrun Quaas () and Georg Quaas

MPRA Paper from University Library of Munich, Germany

Abstract: Recently, F. Helmedag has made an attempt to revive the labour theory of value by trying to demonstrate the superiority of a theoretical model of the economy that uses values instead of prices of production in their traditional or in their modern form, that is Bortkiewicz- or Sraffa-prices. This theoretical effort has been vehemently criticised by Neoricardians. In the present article, the authors reconstruct the main points of the actual discussion by a critical analysis of the more objective arguments. These are centred on the theoretical method and the real determinants for a decision between different price-systems. Specific influence factors like the choice of technique and the methods of financing play a crucial role in the discussion of a realistic rationale for the surplus-distribution among different sectors of the economy. It turns out that neither the made attempt nor its criticism is theoretically elaborated and valid enough to decide the main question: which of the discussed theories does better fit to the empirical data?

Keywords: transformation problem of values into production prices; labour value theory; Bortkiewic-prices; Sraffa-prices; choice of technique (search for similar items in EconPapers)
JEL-codes: B16 B22 E11 (search for similar items in EconPapers)
Date: 1996
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Citations: View citations in EconPapers (1)

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Journal Article: Jenseits des Transformationsproblems. Vorläufiges Resümee einer Diskussion zum werttheoretischen Ansatz von F. Helmedag (1996)
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