Talk:Cost-of-production theory of value
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The Polish economist MichaĆ Kalecki [1] distinguished between sectors with "cost-determined prices" (such as manufacturing and services) and those with "demand-determined prices" (such as agriculture and raw material extraction. I don't get it. Aren't all prices demand-determined? --Gbleem 12:32, 20 October 2005 (UTC)
[edit] Ambiguity
"Marx's theory is not a true cost-of-production theory since the value of a commodity contains a component of surplus value unrelated to the physical cost of producing it."
Is this saying that his theory isn't a true cost-of-production theory because it does not explain the component of surplus value or because his theory includes it and thus exceeds the bounds of a cost of production theory? The former would seem to me to be a very "wrong" arguement and the latter would need the sentance to be rephrased for clarity... --MatthewKarlsen 23:16, 23 December 2005 (UTC)