Towards an integrated theory of value, capital and money

Duccio Cavalieri

MPRA Paper from University Library of Munich, Germany

Abstract: This is an analysis of the present state of the theory of capital. The paper contains a proposal to reformulate this theory in an ‘late-Marxian’ up-to-dated perspective. The central problem discussed is the integration of the theories of value and capital with those of money and finance. An augmented cost-of-production theory of value is advocated. Special attention is focused on the role of Marx’s ‘monetary expression of labour value’ (MEV), rediscovered and unduly modified by neo-Marxists with the purpose to make it compatible with Marx’s labour theory of value. JEL Codes: B12, D46, E11.

Keywords: value; labour; capital; money; critical Marxism; MEV; MELT.; value (search for similar items in EconPapers)
JEL-codes: B12 D46 E11 (search for similar items in EconPapers)
Date: 2014-08
New Economics Papers: this item is included in nep-hme, nep-mac and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:58198

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