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Conclusions from the general theory of labour value formulas


Valeriy Petukhov
(about the author)

Petukhov Valeriy Aleksandrovich – Candidate of Science, Economics, Assistant of Chair of Macroeconomics, Financial University under the Government of the Russian Federation, Moscow

Published in:
Russian Journal of Entrepreneurship
– № 4 / February, 2014



Keywords: constant capital, economic cycle, Ricardo’s theory, the rate of profit, theory of labour value


Citation:
Valeriy Petukhov (2014). Conclusions from the general theory of labour value formulas. Russian Journal of Entrepreneurship, 15(4), 32-38. — url: http://bgscience.ru/com/lib/4635


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Abstract:

The article presents modernised theory of David Ricardo, which allowed to justify the equality of all the production factors the creating profit and forming the rate of profit to explain the trend of downward and upward movements of the rate of profit and to build a new model of the medium-term economic cycle.







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