English, Article, Journal or magazine article edition: A transformação de valores em preços segundo o Sistema Temporal Único: uma apreciação crítica Cláudio Gontijo

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Bookmark: http://trove.nla.gov.au/version/114131
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • A TRANSFORMAÇÃO DE VALORES EM PREÇOS SEGUNDO O SISTEMA TEMPORAL ÚNICO: UMA APRECIAÇÃO CRÍTICA
Author
  • Cláudio Gontijo
Physical Description
  • preprint
Notes
  • This article presents a critique of the solution of the Temporal Single System Marxism (TSS) for the problem of transforming values into prices, which establishes that values and prices are simultaneously determined in a sucession of periods of production and circulation; the value transferred by constant and varaible capital are not equal to the value of the goods they purchase but to the value of the money used to purchase these goods; and money represents a definite number of labor hours. It shows that the TSS does not go beyond the Samuelson-Steedman’s criticism, according to which values and prices are separately determined. In their attempt to salve "Marx’s lemma", the defenders of this approach re-read Marx’s Capital, discharging the long run equilibrium method, adopting an ideal concept of money in the place of commodity-money, abandoning the axiom that value is not generated in circulation and breaking with the structural logic of Capital. Despite criticizing the traditional usage of simultaneous equations to deal with the transformation question, they end up generating simultaneous equations that converge towards the tradicional long-run equilibrium positions.
  • transformation problem, labor-value, prices of production, Temporal Single System, theory of value, value and distribution
  • RePEc:cdp:texdis:td275
  • This article presents a critique of the solution of the Temporal Single System Marxism (TSS) for the problem of transforming values into prices, which establishes that values and prices are simultaneously determined in a sucession of periods of production and circulation; the value transferred by constant and variable capital are not equal to the value of the goods they purchase but to the value of the money used to purchase these goods; and money represents a definite number of labor hour. It shows that the TSS does not go beyond Samuelson-Steedman's criticism, according to which values and prices are separately determined. In their attempt to salve "Marx's lemma", the defenders of this approach re-read Mar's Capital, discharging the long run equilibrium method, adopting an ideal concept of money in the place of commodity-money, abandoning the axiom that value is not generated in circulation and breaking with the structural logic of Capital. Despite criticizing the traditional usage of simultaneous equations to deal with the transformation question, they end up generating simultaneous equation that converge towards the tradicional long-run equilibrium positions.
  • RePEc:anp:en2005:002
Language
  • English
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