Marx, devalorisation, and the theory of value

Authors
Perelman, M
Citation
M. Perelman, Marx, devalorisation, and the theory of value, CAMB J ECON, 23(6), 1999, pp. 719-728
Citations number
24
Categorie Soggetti
Economics
Journal title
CAMBRIDGE JOURNAL OF ECONOMICS
ISSN journal
0309166X → ACNP
Volume
23
Issue
6
Year of publication
1999
Pages
719 - 728
Database
ISI
SICI code
0309-166X(199911)23:6<719:MDATTO>2.0.ZU;2-F
Abstract
This article investigates the implication of devalorisation of fixed capita l in Marx's value theory. It shows why an exact, algebraic value theory is impossible. It also indicates how analysis of devalorisation provides a bas is for understanding the nature of crises. JEL classification: B14, B24, E1 1.