Saad-Filho

Where money is considered, its role in this Sraffian interpretation of Marx is limited. For Saad-Filho (2002 24), As the analysis is primarily concerned with the relationship between the value and price systems, money has no autonomous role and, when considered at all, it is merely a numeraire. A key defence of Marx s theory, against the Sraffian critique, is to argue that the Srafffians do not take money seriously. An alternative strand of value theory that corrects this mistake is the value-form tradition, which emphasised the importance of money for value analysis, because value only appears in and through price (ibid. 27). As a way of testing the possibility that money can be taken seriously in the input-output approach, it can be explored how the preceding analysis of the Kalecki principle can be reconciled with the value-form approach. 

This provides an alternative to the argument hy Fine and Saad-Filho (2004 66) that in Keynesian theory there is, in Marx s terms, no role for the production of surplus value and the conflict over this limdamental economic relation . 

Fine, B. and Saad-Filho, A. (2004) Marx s Capital, 4th edn, London Pluto Press. 

Political economy for contemporary capitalism Alfredo Saad-Filho... 

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See also in sourсe #XX -- [ , , ]

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