Journal Article

Notes and comments. A re(in)statement of the labour theory of value: a comment

EF Paños

in Cambridge Journal of Economics

Published on behalf of Cambridge Political Economy Society

Volume 24, issue 1, pages 107-111
Published in print January 2000 | ISSN: 0309-166X
Published online January 2000 | e-ISSN: 1464-3545 | DOI: http://dx.doi.org/10.1093/cje/24.1.107
Notes and comments. A re(in)statement of the labour theory of value: a comment

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The aim of this paper is to show that the main conclusions in Mohun's (1994) paper rest on an implicit assumption: the composition of net output has to remain constant. When this is removed, some paradoxical results are obtained.

Keywords: Marx; Sraffa; Exploitation; Transformation problem; New solution

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Subjects: Economics ; Political Economy ; Economic Sociology

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