American Journal of Industrial and Business Management

Volume 11, Issue 3 (March 2021)

ISSN Print: 2164-5167   ISSN Online: 2164-5175

Google-based Impact Factor: 0.92  Citations  

Making Marx’s Surplus Equation Work (Within Sraffa’s Standard System)

HTML  XML Download Download as PDF (Size: 220KB)  PP. 293-296  
DOI: 10.4236/ajibm.2021.113018    426 Downloads   1,555 Views  
Author(s)

ABSTRACT

In this article, a solution is proposed to the problem of making Marx’s Surplus equation work correctly, by using a version of it adapted to modern economics. In the end, the rate of profit in the economic system results to be ruled by labour exploitation and organic composition of capital, just as Marx had supposed, but this happens through ratios which only refer to Sraffa’s Standard System, not the whole economy.

Share and Cite:

de Marchi, M. (2021) Making Marx’s Surplus Equation Work (Within Sraffa’s Standard System). American Journal of Industrial and Business Management, 11, 293-296. doi: 10.4236/ajibm.2021.113018.

Cited by

No relevant information.

Copyright © 2024 by authors and Scientific Research Publishing Inc.

Creative Commons License

This work and the related PDF file are licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.