Buch(elektronisch)2018

Value, competition and exploitation: Marx's legacy revisited

In: Elgaronline

In: Edward Elgar books

In: Edward Elgar E-Book Archive

Cogliano, Jonathan F.; Flaschel, Peter; Franke, Reiner; Fröhlich, Nils; Veneziani, Roberto

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Abstract

Contents: Preface -- Part I Classical competition: theory, evidence, and criticism -- 1. François Quesnay: Circular flow and input-output -- 2. Adam Smith: The 'invisible hand' and accumulation -- 3. Adam Smith II: The 'invisible hand' and 'natural prices' -- 4. David Ricardo: Prices, accumulation, and value -- 5. The von Neumann-Sraffa model -- Part II Value and exploitation: Marx's legacy -- 6. Labor values: an axiomatic approach -- 7. Labor productivity and the law of decreasing labor content -- 8. The sources of aggregate profitability -- 9. Actual labor values with multiple activities -- 10. Joint production in a (Marxian) SNA -- 11. Actual labor values with joint production -- 12. Production prices and imperfect competition, Part I -- 13. Production prices and imperfect competition, Part II -- 14. Conclusions -- References -- Index.