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FUNDAMENTAL MARXIAN THEOREM IN CASE OF MULTIPLE ACTIVITIES
Author(s) -
Murata Yasuo
Publication year - 1977
Publication title -
metroeconomica
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.256
H-Index - 29
eISSN - 1467-999X
pISSN - 0026-1386
DOI - 10.1111/j.1467-999x.1977.tb00569.x
Subject(s) - generalization , commodity , mathematical economics , economics , production (economics) , type (biology) , neoclassical economics , mathematics , microeconomics , market economy , mathematical analysis , ecology , biology
It is proved in this paper that in a non‐joint production system of Leontief type which allows the simultaneous operation of multiple activities for each commodity production there exist unique labour values of commodities defined as the best minimal labour contents and the so‐called fundamental Marxian theorem can be verified and extended. An appendix studies a generalization of Hawkins‐Simon conditions in our framework.