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

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 als...

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Bibliographic Details
Main Authors: GUSTAVO DAOU LUCAS, FRANKLIN SERRANO
Format: Article
Language:English
Published: Editora 34
Series:Brazilian Journal of Political Economy
Subjects:
Online Access:http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572017000300587&lng=en&tlng=en