New aspects of Marx's economic theory in MEGA: Marx's original six-sector model

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2 Citations (Scopus)

Abstract

Marx's Reproduction Scheme is widely known as one of the first two-sector economic models in the history of economic theories. However, a close investigation into Marx's original shows that his multi-sectoral analysis contains not (only) two-sector models but six-sector ones, which were totally omitted by Engels in his editing the manuscripts for Capital, Volume II. Taking up two interesting theoretical episodes in the ignored six-sector analysis, this paper attempts to make sense of Marx's treatment on the price of production and the dynamic process of traverse between two equilibria.

Original languageEnglish
Pages (from-to)893-911
Number of pages19
JournalEuropean Journal of the History of Economic Thought
Volume25
Issue number5
DOIs
Publication statusPublished - 2018 Sep 3

Keywords

  • MEGA
  • Marx
  • non-basic good
  • six-sector model
  • traverse

ASJC Scopus subject areas

  • Arts and Humanities(all)
  • Economics, Econometrics and Finance (miscellaneous)
  • History and Philosophy of Science

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