Understanding and overcoming the “positive profits with negative surplus-value” paradox

Detalhes bibliográficos
Autor(a) principal: LUCAS,GUSTAVO DAOU
Data de Publicação: 2017
Outros Autores: SERRANO,FRANKLIN
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Revista de Economia Política
Texto Completo: http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572017000300587
Resumo: ABSTRACT This paper explains the “positive profits with negative surplus-value” example of Steedman (1975) and shows that while in joint production systems individual labour values can be negative, the claim that the total labour embodied in the surplus product of the economy (surplus-value) can also be negative is based on assumptions that have no economic meaning (such as negative activity levels).The paper also provides a way to measure the surplus-value of joint production systems which overcomes the problems of the traditional concept and restates the proposition that a positive amount of surplus labour is a necessary condition for positive profits.
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spelling Understanding and overcoming the “positive profits with negative surplus-value” paradoxsurplus valuelabour valuerate of profitjoint productionABSTRACT This paper explains the “positive profits with negative surplus-value” example of Steedman (1975) and shows that while in joint production systems individual labour values can be negative, the claim that the total labour embodied in the surplus product of the economy (surplus-value) can also be negative is based on assumptions that have no economic meaning (such as negative activity levels).The paper also provides a way to measure the surplus-value of joint production systems which overcomes the problems of the traditional concept and restates the proposition that a positive amount of surplus labour is a necessary condition for positive profits.Centro de Economia Política2017-07-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572017000300587Brazilian Journal of Political Economy v.37 n.3 2017reponame:Revista de Economia Políticainstname:EDITORA 34instacron:EDITORA_3410.1590/0101-31572017v37n03a07info:eu-repo/semantics/openAccessLUCAS,GUSTAVO DAOUSERRANO,FRANKLINeng2018-01-08T00:00:00Zoai:scielo:S0101-31572017000300587Revistahttps://centrodeeconomiapolitica.org.br/repojs/index.php/journalONGhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/oai||cecilia.heise@bjpe.org.br1809-45380101-3157opendoar:2018-01-08T00:00Revista de Economia Política - EDITORA 34false
dc.title.none.fl_str_mv Understanding and overcoming the “positive profits with negative surplus-value” paradox
title Understanding and overcoming the “positive profits with negative surplus-value” paradox
spellingShingle Understanding and overcoming the “positive profits with negative surplus-value” paradox
LUCAS,GUSTAVO DAOU
surplus value
labour value
rate of profit
joint production
title_short Understanding and overcoming the “positive profits with negative surplus-value” paradox
title_full Understanding and overcoming the “positive profits with negative surplus-value” paradox
title_fullStr Understanding and overcoming the “positive profits with negative surplus-value” paradox
title_full_unstemmed Understanding and overcoming the “positive profits with negative surplus-value” paradox
title_sort Understanding and overcoming the “positive profits with negative surplus-value” paradox
author LUCAS,GUSTAVO DAOU
author_facet LUCAS,GUSTAVO DAOU
SERRANO,FRANKLIN
author_role author
author2 SERRANO,FRANKLIN
author2_role author
dc.contributor.author.fl_str_mv LUCAS,GUSTAVO DAOU
SERRANO,FRANKLIN
dc.subject.por.fl_str_mv surplus value
labour value
rate of profit
joint production
topic surplus value
labour value
rate of profit
joint production
description ABSTRACT This paper explains the “positive profits with negative surplus-value” example of Steedman (1975) and shows that while in joint production systems individual labour values can be negative, the claim that the total labour embodied in the surplus product of the economy (surplus-value) can also be negative is based on assumptions that have no economic meaning (such as negative activity levels).The paper also provides a way to measure the surplus-value of joint production systems which overcomes the problems of the traditional concept and restates the proposition that a positive amount of surplus labour is a necessary condition for positive profits.
publishDate 2017
dc.date.none.fl_str_mv 2017-07-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572017000300587
url http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572017000300587
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 10.1590/0101-31572017v37n03a07
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv text/html
dc.publisher.none.fl_str_mv Centro de Economia Política
publisher.none.fl_str_mv Centro de Economia Política
dc.source.none.fl_str_mv Brazilian Journal of Political Economy v.37 n.3 2017
reponame:Revista de Economia Política
instname:EDITORA 34
instacron:EDITORA_34
instname_str EDITORA 34
instacron_str EDITORA_34
institution EDITORA_34
reponame_str Revista de Economia Política
collection Revista de Economia Política
repository.name.fl_str_mv Revista de Economia Política - EDITORA 34
repository.mail.fl_str_mv ||cecilia.heise@bjpe.org.br
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