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The Wage Rate and the Profit Rate in the Price of Production Equation: a New Solution to an Old Problem

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  • LORANGER, Jean-Guy

Abstract

The aim of this paper is to demonstrate that, even if Marx's solution to the transformation problem can be modified, his basic concusions remain valid.

Suggested Citation

  • LORANGER, Jean-Guy, 1997. "The Wage Rate and the Profit Rate in the Price of Production Equation: a New Solution to an Old Problem," Cahiers de recherche 9703, Universite de Montreal, Departement de sciences economiques.
    • Handle: RePEc:mtl:montde:9703
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    File URL: http://hdl.handle.net/1866/441
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    More about this item

    JEL classification:

    • B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist
    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • D33 - Microeconomics - - Distribution - - - Factor Income Distribution
    • D46 - Microeconomics - - Market Structure, Pricing, and Design - - - Value Theory
    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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