The Problem of Transforming Values into Prices

Hall, Luis J.

dc.creator	Hall, Luis J.
dc.date	2011-01-01
dc.date.accessioned	2016-05-02T21:33:31Z
dc.date.available	2016-05-02T21:33:31Z
dc.identifier	http://revistas.ucr.ac.cr/index.php/economicas/article/view/6991
dc.identifier.uri	https://hdl.handle.net/10669/18726
dc.description	The object of this paper is to describe and analyze in a formal and integrated way the alternative solutions proposed to the problem of transforming labor values into prices. Considering that the literature on this topic is sometimes diffused, this paper presents in a unified way the solutions advanced following a mathematical treatment and presentation. Special emphasis is paid to a new normalization procedure that emphasize on the role of the labor theory value as a theory of value formation rather than price. In this tradition, prices will tend to assign or distribute value across society. As opposed to this approach, the paper also contrasts and analyzes the classical approach that focuses on the simultaneous determination of price and value. The paper is then a search for a unified treatment of the topic.	en-US
dc.description	The object of this paper is to describe and analyze in a formal and integrated way the alternative solutions proposed to the problem of transforming labor values into prices. Considering that the literature on this topic is sometimes diffused, this paper presents in a unified way the solutions advanced following a mathematical treatment and presentation. Special emphasis is paid to a new normalization procedure that emphasize on the role of the labor theory value as a theory of value formation rather than price. In this tradition, prices will tend to assign or distribute value across society. As opposed to this approach, the paper also contrasts and analyzes the classical approach that focuses on the simultaneous determination of price and value. The paper is then a search for a unified treatment of the topic.	es-ES
dc.format	application/pdf
dc.language	eng
dc.publisher	Universidad de Costa Rica	es-ES
dc.relation	Revista de Ciencias Económicas;
dc.rights	Copyright (c) 2014 Ciencias Económicas	es-ES
dc.source	Revista de Ciencias Económicas; Ciencias Económicas : Volumen 30, Número 1	en-US
dc.source	Revista de Ciencias Económicas; Ciencias Económicas : Volumen 30, Número 1	es-ES
dc.source	2215-3489
dc.source	0252-9521
dc.title	The Problem of Transforming Values into Prices	en-US
dc.title	The Problem of Transforming Values into Prices	es-ES
dc.type	artículo original
dc.coverage	CRC	en-US

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