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Marx, devalorisation, and the theory of value |
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| Authors: | Perelman M |
| Affiliation: | Economics Department, California State University, Chico, CA 95929, USA E-mail: michael@ecst.csuchico.edu |
| Abstract: | This article investigates the implications of devalorisationof fixed capital in Marx's value theory. It shows why an exact,algebraic value theory is impossible. It also indicates howanalysis of devalorisation provides a basis for understandingthe nature of crises. |
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