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Marx in the matrix. L’algebra del "lavoro vivo"
Autori/Curatori: Marco Passarella 
Anno di pubblicazione:  2009 Fascicolo: 2 (Riv. Storia del pensiero economico) Lingua: Italiano 
Numero pagine:  18 P. 31-48 Dimensione file:  1254 KB
DOI:  10.3280/SPE2009-002002
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This paper provides a general overview on the recent interpretations of Marx’s analysis of value, money and income distribution. The paper is organized as follows. Section 1 introduces the original Marxian formulation of labour theory of value, as it is outlined in the first volume of Capital. Section 2 reproposes the ‘transformation of values into production prices’, as it is developed in the third volume. Section 3 discusses the still open issues around Marx’s transformation procedure. Sections 4 and 5 provide an outline on the so called ‘Single-System Labour Theory of Value’ (SS-LTV), autonomously elaborated by Foley and Duménil since the first half of 1980s. Such an innovative approach represents a macroeconomic monetary interpretation of Marx’s analysis, founded on the rediscovery of the ‘living labour’ concept. Finally, section 6 leaves behind the long-run analysis implied in the SS-LTV, in order to consider the effects of a change in the general price level (disregarding wage-earners expectations) on surplus rate.
Keywords: Marxian economics; theory of value; transformation problem; value of money.
Jel Code: B51; E11.

Marco Passarella, in "STORIA DEL PENSIERO ECONOMICO" 2/2009, pp. 31-48, DOI:10.3280/SPE2009-002002


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