Abstract
Along chapter 2 we saw the tribulations of the prototype of MTV in the face of the hard fact that the competition of capitals leads to a uniform profit rate, and so that values deviate from prices —contrary to what the Law of Value claims— unless we assume that the organic composition of capital is the same in all industries. Hence, it is easily seen that the notion of competition of capitals plays a central role in Marxian economics. Now, this competition of capitals requires to be effective a financial capital market, and therefore we are compelled to introduce a conceptual apparatus to describe such a market.
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© 1992 Springer Science+Business Media Dordrecht
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De La Sienra, A.G. (1992). The General Axioms of the Theory. In: The Logical Foundations of the Marxian Theory of Value. Synthese Library, vol 223. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-2694-6_7
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DOI: https://doi.org/10.1007/978-94-011-2694-6_7
Publisher Name: Springer, Dordrecht
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