Value, Competition and Exploitation

Contents: Preface General Introduction Part I Classical Competition: Theory, Evidence, and Criticism 1. Francois Quesnay: The Circular Flow of Income and Input-Output Analysis 2. Adam Smith: The 'Invisible Hand' and Accumulation 3. Adam Smith II: The 'Invisible Hand' and 'Natural Prices' 4. David Ricardo: Long-Period Prices, Accumulation, and the Invariable Measure of Value 5. The von Neumann-Sraffa Model Part II Value and Exploitation: Marx's Legacy 6. Labor Values: An Axiomatic Approach 7. Labor Productivity and the Law of Decreasing Labor Content 8. The Sources of Aggregate Profitability: Marx's Theory of Surplus Value Revisited 9. Actual Labor Values with Multiple Activities 10. Joint Production in a (Marxian) System of National Accounts 11. Actual Labor Values with Joint Production 12. Production Prices and Imperfect Competition, Part I 13. Production Prices and Imperfect Competition, Part II 14. Conclusions References Index

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• Sistemas econômicos e estruturas
• Macroeconomia
• Teoria e filosofia económica
• Marxismo e Comunismo

Marx; prices of production; value theory; transformation problem; exploitation; classical political economy