Classical-Marxian Models of Gravitation: A Critique and a Proposal
Abstract
This paper criticizes the disequilibrium models formulated within the classical-marxist framework of value theory, which are used to formalize and provide a foundation for the theory of gravitation of market prices toward prices of production. In their place, it proposes an alternative modeling whose properties and results may be of interest as a new disequilibrium foundation for the classical-marxist theory of value, given that the resulting dynamics of this model consist of a second-order limit cycle, in which market prices fluctuate around prices of production. It concludes by recommending an expansion of the model using alternative hypotheses to rigorously ground the Classical-Marxist theory of gravitation.
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References
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