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Some Marxian and Smithian Ideas On Labor and Prices

Author

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  • Alberto Benítez Sánchez

Abstract

The propositions advanced by Marx and Smith on the relation between labor and prices are examined, with particular emphasis on income distribution, within a non-Walrasian setting including joint production and heterogeneous labor. Among its contributions, the paper introduces the concept of indirect joint production and an alternative definition of industrial branches. ***** Se estudian algunas proposiciones comunes a Marx y a Smith sobre la relación entre el trabajo y los precios, con especial interés en las implicaciones de las mismas respecto a la distribución del ingreso. El marco de referencia es un modelo no-walrasiano que incluye producción conjunta y trabajo heterogéneo. Además, el artículo introduce el concepto de producción conjunta indirecta y también una definición alternativa de la rama industrial. ***** L’article examine quelques propositions communes a Marx et a Smith sur le rapport entre le travail et les prix. Un intéret particulier est porté sur les implications de cette relation sur la distribution du revenu. Le cadre de référence est un modele non-walrasien incluant production jointe et qualité hétérogene du travail salarié. En outre, l’article introduit le concept de production jointe indirecte, ainsi qu’une définition alternative de « branche d’activité industrielle »

Suggested Citation

  • Alberto Benítez Sánchez, 2013. "Some Marxian and Smithian Ideas On Labor and Prices," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID, December.
    • Handle: RePEc:col:000093:011049
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    References listed on IDEAS

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    1. Alan Freeman & Andrew Kliman & Julian Wells (ed.), 2004. "The New Value Controversy and the Foundations of Economics," Books, Edward Elgar Publishing, number 2274.
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    More about this item

    Keywords

    Joint production; K-equilibrium; labor theory of value; Marx; Smith;
    All these keywords.

    JEL classification:

    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • D45 - Microeconomics - - Market Structure, Pricing, and Design - - - Rationing; Licensing
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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