The Problem of Transforming Values into Prices
The object of this paper is to describe and analyze in a formal and integrated way the alternative solutions proposed to the problem of transforming labor values into prices. Considering that the literature on this topic is sometimes diffused, this paper presents in a unified way the solutions advan...
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| Format: | Online |
| Language: | eng |
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San José: Editorial Universidad de Costa Rica
2011
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| Online Access: | https://revistas.ucr.ac.cr/index.php/economicas/article/view/6991 |
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ECONOMICAS69912020-07-23T16:06:12Z The Problem of Transforming Values into Prices The Problem of Transforming Values into Prices Hall, Luis J. valor value The object of this paper is to describe and analyze in a formal and integrated way the alternative solutions proposed to the problem of transforming labor values into prices. Considering that the literature on this topic is sometimes diffused, this paper presents in a unified way the solutions advanced following a mathematical treatment and presentation. Special emphasis is paid to a new normalization procedure that emphasize on the role of the labor theory value as a theory of value formation rather than price. In this tradition, prices will tend to assign or distribute value across society. As opposed to this approach, the paper also contrasts and analyzes the classical approach that focuses on the simultaneous determination of price and value. The paper is then a search for a unified treatment of the topic. The object of this paper is to describe and analyze in a formal and integrated way the alternative solutions proposed to the problem of transforming labor values into prices. Considering that the literature on this topic is sometimes diffused, this paper presents in a unified way the solutions advanced following a mathematical treatment and presentation. Special emphasis is paid to a new normalization procedure that emphasize on the role of the labor theory value as a theory of value formation rather than price. In this tradition, prices will tend to assign or distribute value across society. As opposed to this approach, the paper also contrasts and analyzes the classical approach that focuses on the simultaneous determination of price and value. The paper is then a search for a unified treatment of the topic. San José: Editorial Universidad de Costa Rica 2011-01-01 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer Reviewed Article Text Artículo evaluado por pares application/pdf https://revistas.ucr.ac.cr/index.php/economicas/article/view/6991 10.15517/rce.v30i1.6991 Revista de Ciencias Económicas; Vol. 30 No. 1 (2012): Revista de Ciencias Económicas: (January - June) Revista de Ciencias Económicas; Vol. 30 Núm. 1 (2012): Revista de Ciencias Económicas: (enero – junio) 2215-3489 0252-9521 eng https://revistas.ucr.ac.cr/index.php/economicas/article/view/6991/6676 Derechos de autor 2014 Ciencias Económicas https://creativecommons.org/licenses/by-nc-nd/3.0/cr/ |
| institution |
Universidad de Costa Rica |
| collection |
Revista de Ciencias Económicas |
| language |
eng |
| format |
Online |
| author |
Hall, Luis J. |
| spellingShingle |
Hall, Luis J. The Problem of Transforming Values into Prices |
| author_facet |
Hall, Luis J. |
| author_sort |
Hall, Luis J. |
| description |
The object of this paper is to describe and analyze in a formal and integrated way the alternative solutions proposed to the problem of transforming labor values into prices. Considering that the literature on this topic is sometimes diffused, this paper presents in a unified way the solutions advanced following a mathematical treatment and presentation. Special emphasis is paid to a new normalization procedure that emphasize on the role of the labor theory value as a theory of value formation rather than price. In this tradition, prices will tend to assign or distribute value across society. As opposed to this approach, the paper also contrasts and analyzes the classical approach that focuses on the simultaneous determination of price and value. The paper is then a search for a unified treatment of the topic. |
| title |
The Problem of Transforming Values into Prices |
| title_short |
The Problem of Transforming Values into Prices |
| title_full |
The Problem of Transforming Values into Prices |
| title_fullStr |
The Problem of Transforming Values into Prices |
| title_full_unstemmed |
The Problem of Transforming Values into Prices |
| title_sort |
problem of transforming values into prices |
| title_alt |
The Problem of Transforming Values into Prices |
| publisher |
San José: Editorial Universidad de Costa Rica |
| publishDate |
2011 |
| url |
https://revistas.ucr.ac.cr/index.php/economicas/article/view/6991 |
| work_keys_str_mv |
AT hallluisj theproblemoftransformingvaluesintoprices AT hallluisj problemoftransformingvaluesintoprices |
| _version_ |
1810115565257228288 |