English, Article, Journal or magazine article edition: A "NOVA SOLUÇÃO" DO PROBLEMA DA TRANSFORMAÇÃO DE VALORES EM PREÇOS: UMA APRECIAÇÃO CRÍTICA Cláudio Gontijo

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Bookmark: http://trove.nla.gov.au/version/125159
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • A "NOVA SOLUÇÃO" DO PROBLEMA DA TRANSFORMAÇÃO DE VALORES EM PREÇOS: UMA APRECIAÇÃO CRÍTICA
Author
  • Cláudio Gontijo
Physical Description
  • preprint
Notes
  • This article analyses the so-called "new solution" for the problem of transforming values into prices, which is based on the redefinition of the Marxian concepts of money and variable capital as well as on the assumption that the total value added should remain the same through the transformation process. It shows that (i) the algebraic system proposed by the "new solution" can only offer a solution when money is a commodity; (ii) the new concept of money confuses the substance of value with its form of expression; it breaks with the intrinsic logic of unfolding the commodity determinations as well as with the concrete characteristic of the Marxian dialectic, besides eliminating the bases of the Marxian theory of capital. On the other hand, the redefinition of variable capital means to reject the universality of the value theory and to break with the concept of economics as the science devoted to society's mode of (re)production. The proposition of equalization between the value added on both spheres seems equally inconsistent, not to mention the logic order suggested by the "new solution", which requires the previous determination of production prices, which are determined without any reference to the theory of labor-value. On the other hand, the article formally demonstrates that, although the sum of prices differ from the sum of values, the labor-value principle governs the production prices and it also shows that Marx's true mistake consisted in not considering the effects of the organic composition of the commodity-money over the relations between prices and values.
  • RePEc:anp:en2004:007
Language
  • English
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