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Value, price, and competition: no need to start over from the beginning

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  • Mario Luiz Possas

Abstract

This essay aims to contribute to the clarification of obscure and highly controversialpoints in the theory of value and prices formulated by Marx. The notion of competition,after some prior theoretical elaboration, will play an important, although not necessarilycentral, role in proposing an alternative interpretation for some of these questions. Beforebeginning the discussion of the theory of value in Marx, I will make a necessarily summarytypification, just to provide an initial guideline, of the main positions present in the currentdebate on the theoretical status of the relationship between value and price in Marx’swork, since it is basically through the positioning regarding this issue that Sraffa’s contributionis assimilated to different degrees, or simply ignored, in the Marxian theoretical context. JEL Classification: B14; B51; B31; D46.

Suggested Citation

  • Mario Luiz Possas, 1982. "Value, price, and competition: no need to start over from the beginning," Brazilian Journal of Political Economy, Center of Political Economy, vol. 2(4), pages 487-523.
    • Handle: RePEc:ekm:repojs:v:2:y:1982:i:4:p:487-523:id:1970
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    More about this item

    Keywords

    Marx; Marxism; value theory; history of economic thought;
    All these keywords.

    JEL classification:

    • 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
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • D46 - Microeconomics - - Market Structure, Pricing, and Design - - - Value Theory

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