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Cambridge Journal of Economics 24:107-111 (2000)
Copyright © 2000 Cambridge Political Economy Society

Article

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

EF Paņos

Area de Teoria Economica, Facultad de Economicas, UCLM Pza Universidad no. 1, 02071 Albacete, Spain
E-mail: efebrero@ecem-ab.uclm.es

Abstract

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.

Key Words: Marx • Sraffa • Exploitation • Transformation problem • New solution


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