A short guide to long-run time-phased systems of production

The paper discusses brietly several long-run systems of production vis-a-vis alternative theories of value and distribution stated by Marx, classical-neoricardian, post-Leontief-neoclassical, and post-Keynes-Srafra authors during the last hundred and fifty years. All the systems of production consid...

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Autores:
Matallana Laverde, Hernando
Tipo de recurso:
Work document
Fecha de publicación:
2008
Institución:
Universidad de los Andes
Repositorio:
Séneca: repositorio Uniandes
Idioma:
eng
OAI Identifier:
oai:repositorio.uniandes.edu.co:1992/8072
Acceso en línea:
http://hdl.handle.net/1992/8072
Palabra clave:
Capital theory
Distribution theory
Economic paradigms
Money wage
Prices of production
Standard of value
Standard system
Systems of production
Capital - Teorías
Distribución del ingreso
Costos de producción
Política monetaria
B12, B14, B24, E12
Rights
openAccess
License
http://creativecommons.org/licenses/by-nc-nd/4.0/
Description
Summary:The paper discusses brietly several long-run systems of production vis-a-vis alternative theories of value and distribution stated by Marx, classical-neoricardian, post-Leontief-neoclassical, and post-Keynes-Srafra authors during the last hundred and fifty years. All the systems of production considered in thepaper have in common the circular production of commodities by means of commodities. A distinctive characteristic of these systems is the standard of valuein terms of which the wage rate and the prices of commodities are expressed. Inparticular, the logical structure of the systems of prices of production implies that different standards of value imply different theories of value and distribution both real and monetary in character. Methodological pluralism suggests that distinct theories of value and distribution reflect different scientific normative economic paradigms. It appears that dialectics is needed in order to trascendinter-paradigmatic debate.