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Principles of capitalistic commodity production: a rejoinder

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  • Fritz Helmedag

    (Chemnitz University of Technology)

Abstract

Reich (2013) recapitulates my model (Helmedag 2012a) incorrectly. Above all, he mixes up exogenous with endogenous variables. Moreover, Reich's interpretation of the system's dynamics is on the one hand formally insufficient; on the other hand, matters are presented in a more complicated way than necessary.

Suggested Citation

  • Fritz Helmedag, 2013. "Principles of capitalistic commodity production: a rejoinder," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 10(3), pages 282—285-2, December.
    • Handle: RePEc:elg:ejeepi:v:10:y:2013:i:3:p282-285
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    References listed on IDEAS

    as
    1. Jens Reich, 2013. "Principles of capitalistic commodity production reconsidered," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 10(3), pages 274—281-2, December.
    2. Fritz Helmedag, 2012. "Principles of capitalistic commodity production," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 9(1), pages 23-34.
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    More about this item

    Keywords

    effective demand; employment; income shares; labour theory of value; rate of profit;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General

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