This volume studies the development of Marxian value theory in a modernised context. The controversy about Marx's value theory is now in its third stage. The first stage was marked by Bohm-Bawerk, and the second by Samuelson soon after the World War II. In this second stage, the basic results in Marx's economics were examined and formulated by Okishio and Morishima-Seton in the Leontief economy case. The third stage was opened by Morishima, who developed the Marxian theory of value on the ba~is of von Neumann's theory. In Chapters I through IV, a concise but comprehensive overview of the pOints in Marx's value theory is presented from the Leontief to von Neumann economy cases. Based on the above, the two subjects, namely, the reduction of skilled labour and heterogeneous labour and the Marxian theory of differential rent, are developed in Chapters V and VI respectively. These topics, especially the reduction problem, seem not to have been duly discussed in other literature. The main concern of our discussion, in Chapters I through V in particular, is the so-called fundamental Marxian theorem and the dual dualities, i.e., the duality of price and quanti~y systems on the basis of the duality of value and price.
Th. ~uthor also tried to shed light on superhistorical aspects of Marxian vaiue theory, which ought to give a clue to the insight of the commodity production in general. The author acknowledges thanks to Professors S.Koshimura, A.
I. Marx's theory of value, price and growth in a Leontief economy Introduction.- x 1. The theory of value and surplus value.- x 2. The fundamental Marxian theorem.- x 3. Theory of transformation.- x 4. Conclusions - Criticism and defence.- II. Fixed capital and the theory of value Introduction.- x 1. Value and price in a narrow plain economy.- x 2. The quantity system and replacement in kind.- III. Joint-production and the theory of value Introduction - Problems.- x 1. Productiveness, value and inferior processes.- x 2. Alternative definitions of value.- x 3. Profitability and reproducibility - The fundamental Marxian theorem.- x 4. Transformation theorems.- x 5. Conclusions.- IV. Marx-von Neumann's theory of value Introduction.- x 1. The theory of optimum value.- x 2, The fundamental Marxian theorem, generalised.- x 3. Concluding remarks.- V. Reduction of heterogeneous labour Introduction - Problems.- x 1. Reduction of skilled labour to unskilled labour in a Leontief economy - The theory of value and surplus value.- x 2. The fundamental Marxian theorem.- x 3. A von Neumann economy with heterogeneous labour.- x 4. Concluding remarks - On other discussions.- VI. Fundamental analysis of differential rent Introduction - Problems.- x 1. Differential rent in a Leontief economy.- x 2. The productivity of capital and differential rent.- x 3. A simplified case.- x 4. Concluding remarks.- Epilogue.- Mathematical Addenda.- Footnotes.- References.
Series: Lecture Notes in Economic and Mathematical Systems
Number Of Pages: 169
Published: December 1982
Publisher: Springer-Verlag Berlin and Heidelberg Gmbh & Co. Kg
Country of Publication: DE
Dimensions (cm): 24.41 x 16.99
Weight (kg): 0.3