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Titlebook: Marxian Economics: A Reappraisal; Volume 2 Essays on V Riccardo Bellofiore Book 1998 Palgrave Macmillan, a division of Macmillan Publishers

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The Transformation Trinity: Value, Value Form and Pricem the reservations about the Marxian relationship between values and prices that a well-known list of authors had proclaimed as the (in)famous ‘transformation problem’. The Sraffian system, exploring fully the mutual determination of production costs and prices of outputs, and capturing the essence
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Time and Equilibrium in Neoclassical Price Theory and Volume III of e outcome of the transformation procedure in volume III of ., are equilibrium prices and that, as far as this is concerned, there is no substantial difference with equilibrium prices as in neoclassical price theory (hereafter NCPT). Conversely this chapter argues that neoclassical equilibrium prices
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Marx on Technological Change: The Ricardian Heritageed to dominate in capitalist economic conditions. He was of the opinion that the prevalent form of technological change will be characterised by a rising ‘organic composition of capital’ and argued that this form is the one that is ‘congenial’ to the very mode of production under consideration. With
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A General Refutation of Okishio’s Theorem and a Proof of the Falling Rate of Profit, by showing that if real wages stay constant the rate of profit rises as a result of productivity-enhancing technical change. All attempted refutations accept Okishio’s approach which like many others, notably the surplus approach school, is based a system of simultaneous linear equalities.
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Decentring the Marxian Debate over the Falling Rate of Profit: A New Approachics. Two fundamentally different theoretical approaches can be identified in the longstanding debate over the TRPF, the traditional debate and the debate over Okishio’s theorem.. The purpose of this chapter is to suggest a new direction in this debate by considering the relationship between the rate
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