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Economic development and theories of value
- Source: CEPAL Review, Volume 1980, Issue 11, Oct 1980, p. 77 - 114
- Spanish
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- 08 Oct 1980
Abstract
If economics is to supply more reliable interpretations of development in concrete historical cases it is essential that it should break through the narrow limits within which it has been confined by theories o f value based on the assumption of general equilibrium. The conception of value as power proposed by the author is aimed specifically at lessening the rigidity of the categories of economic analysis so that they can easily incorporate contributions from other social sciences.
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