The limits of monetary approaches to the theory of value
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| Format: | Artículo científico |
| Language: | en |
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Universidad Nacional de Colombia
2023
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| _version_ | 1876486977776254976 |
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| author | Martín Esteban Seoane Salazar |
| author_facet | Martín Esteban Seoane Salazar |
| contents | The limits of monetary approaches to the theory of value Martín Esteban Seoane Salazar Herlan André Argandoña Zubieta Economía y Finanzas Theory of value monetary approach economic dynamics The theory of value aims to explain the way prices function as a coordination mechanism of market societies. A coherent approach to the theory of value must be monetary and, in addition, it must analyze the dynamics of the economy in a disaggregated manner, considering the interdependent relations between the different individual economic activities. Here, we review the main monetary models of theories of value, both neoclassical and classical-Marxian. We analyze their scope and limits and conclude by highlighting a dilemma they face between their results' generality and specificity.JEL: B52, C62, D46, D50. 2023 artículo científico 0121-4772 https://www.redalyc.org/articulo.oa?id=282177515005 https://www.redalyc.org/journal/2821/282177515005/ https://www.redalyc.org/journal/2821/282177515005/html/ https://www.redalyc.org/journal/2821/282177515005/282177515005.epub https://www.redalyc.org/journal/2821/282177515005/movil 10.15446/cuad.econ.v42n88.102923 en http://www.redalyc.org/revista.oa?id=2821 Cuadernos de Economía application/pdf Universidad Nacional de Colombia Cuadernos de Economía (Colombia) Num.88 Vol.XLII |
| format | Artículo científico |
| id | redalyc_282177515005 |
| institution | Redalyc |
| language | en |
| publishDate | 2023 |
| publisher | Universidad Nacional de Colombia |
| spellingShingle | The limits of monetary approaches to the theory of value Martín Esteban Seoane Salazar Economía y Finanzas Theory of value monetary approach economic dynamics The limits of monetary approaches to the theory of value Martín Esteban Seoane Salazar Herlan André Argandoña Zubieta Economía y Finanzas Theory of value monetary approach economic dynamics The theory of value aims to explain the way prices function as a coordination mechanism of market societies. A coherent approach to the theory of value must be monetary and, in addition, it must analyze the dynamics of the economy in a disaggregated manner, considering the interdependent relations between the different individual economic activities. Here, we review the main monetary models of theories of value, both neoclassical and classical-Marxian. We analyze their scope and limits and conclude by highlighting a dilemma they face between their results' generality and specificity.JEL: B52, C62, D46, D50. 2023 artículo científico 0121-4772 https://www.redalyc.org/articulo.oa?id=282177515005 https://www.redalyc.org/journal/2821/282177515005/ https://www.redalyc.org/journal/2821/282177515005/html/ https://www.redalyc.org/journal/2821/282177515005/282177515005.epub https://www.redalyc.org/journal/2821/282177515005/movil 10.15446/cuad.econ.v42n88.102923 en http://www.redalyc.org/revista.oa?id=2821 Cuadernos de Economía application/pdf Universidad Nacional de Colombia Cuadernos de Economía (Colombia) Num.88 Vol.XLII |
| title | The limits of monetary approaches to the theory of value |
| topic | Economía y Finanzas Theory of value monetary approach economic dynamics |
| url | https://www.redalyc.org/articulo.oa?id=282177515005 https://www.redalyc.org/journal/2821/282177515005/ https://www.redalyc.org/journal/2821/282177515005/html/ https://www.redalyc.org/journal/2821/282177515005/282177515005.epub https://www.redalyc.org/journal/2821/282177515005/movil |