The capital/product relation in the classical political economy

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PDF-Portuguese (Português (Brasil))
Published: Jan 1, 1995
DOI: https://doi.org/10.1590/0101-31571994-0638
Keywords:
Investment history of economic thought

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Samuel Kilsztajn
Do Programa de Estudos Pós-Graduados em Economia Política, Pontifícia Universidade Católica – PUC, São Paulo/SP, Brasil.

Abstract

The capital/product relation in the classical political economy appears as a contradictory
relation between capital and labor. In conformity with the theory of value, as productivity
increases, the commodities are depreciated in labor value, while capital is defined
as value in self-expansion. This paper argues that the increase of the capital/product relation
(or organic composition of capital) is theoretically linked to the decrease of the price level.


JEL Classification: B12; B14.

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How to Cite
Kilsztajn, Samuel. 1995. “The Capital Product Relation in the Classical Political Economy”. Brazilian Journal of Political Economy 15 (1):150-53. https://doi.org/10.1590/0101-31571994-0638.
Issue
Vol. 15 No. 1 (1995): Jan-Mar / 1995
Section
Short Article