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View Full Version : Fundamental Marxian Theorem



Die Neue Zeit
10th October 2010, 20:22
www.periodicos.ufsc.br/index.php/economia/article/download/6641/6257


In an economy in which some type of labour appears directly in each commodity, then,

A) if all rates of exploitation are positive, the profit rate is positive;
B) if the profit rate is positive, at least one rate of exploitation is positive.

The paper above addresses the applicability of the Nobuo Okishio's Fundamental Marxian Theorem to heterogenous labour, the first main criticism of that theorem way before Andrew Kliman.

Dean
10th October 2010, 21:30
Interesting! This is something which I think deserved further investigation after reading the first few Chapters of Capital.

Revolutionair
10th October 2010, 23:30
It shows up as 6 empty pages on my screen.

Die Neue Zeit
10th October 2010, 23:43
You need to download the PDF.

13th October 2010, 17:37
www.periodicos.ufsc.br/index.php/economia/article/download/6641/6257 (http://www.periodicos.ufsc.br/index.php/economia/article/download/6641/6257)



The paper above addresses the applicability of the Nobuo Okishio's Fundamental Marxian Theorem to heterogenous labour, the first main criticism of that theorem way before Andrew Kliman.

We all need to keep this in mind. The subjectivists will always come up with hypothetical situations that somehow have firms generate negative profits in production. As if human beings are some kind of single-minded beasts that are able to lose money in an investment in production.