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Generalizing the New Interpretation of the Marxian Value Theory: A Simulation Analysis with Stochastic Profit Rate and Labor Heterogeneity

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Published in 2017 at "Review of Political Economy"

DOI: 10.1080/09538259.2018.1424067

Abstract: ABSTRACT This article elucidates the relation between price and labor content in the context of generalizing the New Interpretation of Marxian value theory. We examine a generalized New Interpretation in a linear economic model introducing… read more here.

Keywords: generalizing new; labor; new interpretation; value ... See more keywords