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Brazilian Journal of Political Economy

versão impressa ISSN 0101-3157versão On-line ISSN 1809-4538

Resumo

LUCAS, GUSTAVO DAOU  e  SERRANO, FRANKLIN. Understanding and overcoming the “positive profits with negative surplus-value” paradox. Brazil. J. Polit. Econ. [online]. 2017, vol.37, n.3, pp.587-604. ISSN 1809-4538.  http://dx.doi.org/10.1590/0101-31572017v37n03a07.

This paper explains the “positive profits with negative surplus-value” example of Steedman (1975) and shows that while in joint production systems individual labour values can be negative, the claim that the total labour embodied in the surplus product of the economy (surplus-value) can also be negative is based on assumptions that have no economic meaning (such as negative activity levels).The paper also provides a way to measure the surplus-value of joint production systems which overcomes the problems of the traditional concept and restates the proposition that a positive amount of surplus labour is a necessary condition for positive profits.

Palavras-chave : surplus value; labour value; rate of profit; joint production.

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