INPUT OUTPUT TABLEAU OF MARX’S REPRODUCTION THEORY

Jinhua Feng

Research output: Contribution to journalArticle

Abstract

"Samuelson’s input output interpretation of the two departments of social production,
which has been considered correct by many economists, does not in fact reflect Marx’s
reproduction theory properly. A major mistake in Samuelson’s interpretation is that he included
existing variable capital in the final demand. This article derives input output analysis from Marx’s
reproduction theory for not only the simple case of two departments of social production but also
the general case of more industries. In all the discussions, we firstly develop the functions of output
composition according to Marx’s theory of reproduction, and then the functions of supply and
demand equilibrium according to the requirements of reproduction, and lastly the tableau based
on both the functions of output composition and the functions of supply and demand equilibrium."
Original languageEnglish
Pages (from-to)607-618
Number of pages12
JournalWorld Review of Political Economy
Volume1
Issue number4
Publication statusPublished - 2010
Externally publishedYes

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Input-output analysis

Keywords

  • Karl Marx
  • reproduction theory
  • input output tableau

Cite this

INPUT OUTPUT TABLEAU OF MARX’S REPRODUCTION THEORY. / Feng, Jinhua .

In: World Review of Political Economy, Vol. 1, No. 4, 2010, p. 607-618.

Research output: Contribution to journalArticle

Feng, Jinhua . / INPUT OUTPUT TABLEAU OF MARX’S REPRODUCTION THEORY. In: World Review of Political Economy. 2010 ; Vol. 1, No. 4. pp. 607-618.
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