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Copyright © Cambridge Political Economy Society

correction

Erratum

Abstract

The editors of the Journal, in attempting to simplify proofs in the appendix to the article ‘The Marxian theory of value and heterogeneous labour: a critique and reformulation’, by Samuel Bowles and Herbert Gintis (vol. 1, no. 2), incurred certain errors. Page 190, lines 1 to 2 should read: ‘is a quasi-irreducible matrix C*<C such that {pi}*(C*) = 0. Since F(C*<F(C) by Lemma 2, we have F(C**) < 1 for all C** such that C*≤ C**≤C. Hence by Lemma 5, A* is strictly less than A. Thus Lr>’. Page 190, lines 7 and 8 should read: ‘is some number a>0 such that if we set C* = aC, then {pi}*(C*) = 0. Clearly C** is quasi-irreducible for all C≤C**<C*, and F(C**) <1 for any such C**=a'C. Hence by Lemma 5, we have A*>A. But by Lemma 6, we have Lrx = ’.


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