Abstract

BENITEZ SANCHEZ, Alberto. SOME MARXIAN AND SMITHIAN IDEAS ON LABOR AND PRICES. Cuad. Econ. [online]. 2013, vol.32, n.60, pp.369-393. ISSN 0121-4772.

The propositions advanced by Marx and Smith on the relation between labor and prices are examined, with particular emphasis on income distribution, within a non-Walrasian setting including joint production and heterogeneous labor. Among its contributions, the paper introduces the concept of indirect joint production and an alternative definition of industrial branches

Keywords : Joint production; K-equilibrium; labor theory of value; Marx; Smith.

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