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The capital/product relation in the classical political economy

Author

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  • Samuel Kilsztajn

Abstract

The capital/product relation in the classical political economy appears as a contradictoryrelation between capital and labor. In conformity with the theory of value, as productivityincreases, the commodities are depreciated in labor value, while capital is definedas value in self-expansion. This paper argues that the increase of the capital/product relation(or organic composition of capital) is theoretically linked to the decrease of the price level. JEL Classification: B12; B14.

Suggested Citation

  • Samuel Kilsztajn, 1995. "The capital/product relation in the classical political economy," Brazilian Journal of Political Economy, Center of Political Economy, vol. 15(1), pages 150-153.
    • Handle: RePEc:ekm:repojs:v:15:y:1995:i:1:p:150-153:id:1232
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1232/1217
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    More about this item

    Keywords

    Investment; history of economic thought;

    JEL classification:

    • 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

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