Titlebook: Marx‘s Theory of Price and its Modern Rivals; Howard Nicholas Book 2011 Palgrave Macmillan, a division of Macmillan Publishers Limited 201

CRACK

高调

lavish

978-1-349-33761-3Palgrave Macmillan, a division of Macmillan Publishers Limited 2011

柏树

milligram

朦胧

,Marxist Interpretations of Marx’s Theory of Price,ical defect in his work. My purpose in reviewing these sympathetic interpretations of Marx’s price theory is not to assess their relative merits and demerits ., but to bring out and further expand on my own interpretation of this theory.

招惹

,Sraffa’s Theory of Price,lows.. Although Sraffa’s theory of price has often been regarded as an important pillar of the general Post Keynesian theory of price, it will be argued below, in keeping with what was already argued in Chapter 7, that the two theories are very different.

Delectable

一美元

Marx on Smith and Ricardo,omists in particular, frequently using his criticisms of their works to benchmark his own contributions to economic thought, the present chapter will focus on this appraisal with a view to clarifying further his own distinctive theory of price.

绿州

Concluding Remarks,mmodity inputs, wages and profit. This contrasts with the other interpretations discussed above, that attribute to Marx a neo- Ricardian (Sraffian) explanation, with price being in effect explained by price — the prices of both commodity inputs and commodities comprising wages and profits, albeit denominated in terms of labour time.