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A Reexamination of the Quantitative Issues in the New Interpretation

Author

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  • Dong-Min Rieu

    (Department of Economics, Chungnam National University, 220 Kung-Dong, Taejon, 305-764, Korea(S.); rieudm@cnu.ac.kr)

Abstract

This article evaluates the new interpretation (NI) of Marxian value theory consistent with its inherent logic. The problem of double counting will be examined thoroughly. The relationship between the NI's value of labor power and bundle of wage goods will also be discussed. While the NI generally emphasizes aggregate variables, this article will demonstrate that its inherent logic implies a specific quantitative relationship on the micro level between value and price.

Suggested Citation

  • Dong-Min Rieu, 2006. "A Reexamination of the Quantitative Issues in the New Interpretation," Review of Radical Political Economics, Union for Radical Political Economics, vol. 38(2), pages 258-271, June.
    • Handle: RePEc:sae:reorpe:v:38:y:2006:i:2:p:258-271
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    Cited by:

    1. John B. Davis & Wilfred Dolfsma (ed.), 2015. "The Elgar Companion to Social Economics, Second Edition," Books, Edward Elgar Publishing, number 15954.
    2. Montalban, Matthieu, 2012. "De la place de la théorie de la valeur et de la monnaie dans la théorie de la régulation : critique et synthèse," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 12.

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