Of Making Comparison of Sraffa's Theory of Price to Marx's Theory of Value

Nankai University (Philosophy and Social Sciences) 1:7-15 (1997)
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Abstract

Value theory is an important part of economic theory, Marx and Sraffa Ricardian theory of value inherited in different aspects, along different lines. Use different methods to establish their own theory of value. They have in common is a basic popular in the West is different from "mainstream economics" advocated by the "marginal" and "demand" is the basic characteristic of the theory of value. But Marx's labor theory of value along to make more rigorous, scientific direction of capitalist relations of production through a comprehensive analysis of the formation of his own theory of value, and explains Ricardo can not explain the "amount of capital to bring such heavy profit" and labor to create value conflicts. Tesla rule is self-renewal from the conditions of social production, this paper proposes a "synthetic products" concept, will be composed of a variety of goods in accordance with a certain percentage of "composite goods" as a constant measure of value of goods and labor to restore it. This reflects the value of the work to form this conclusion is universal. Sraffa's value theory analysis of the current reform and economic practices have reference

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