A General Equilibrium Approach to Marxian Economics
提出一个将马克思和斯拉法关于资本主义经济的观点纳入一般均衡框架的模型，证明均衡存在性，并探讨剥削与利润的关系，对研究马克思主义经济学的学者有参考价值。
In the first part of the paper, a model is proposed which places the Marxian and Sraffian conceptions of a capitalist economy in a general equilibrium framework. A central concern of these writers is that the economy be reproducible; this is incorporated formally into the equilibrium definition. Capitalists maximize profits subject to a capital constraint and workers are paid a subsistence wage. Equilibrium existence theorems are proved. In the second part, the welfare properties of the equilibria are examined-which, in the Marxian tradition, involve the notion of exploitation. It is shown that the possibility of exploitation is necessary and sufficient for all equilibria to sustain positive profits, if a certain technological condition holds. Finally, the notion of a subsistence bundle is dispensed with, and a Marxian determination of workers' consumption is proposed. In addition to placing the formal Marxian model into a general equilibrium context, the specification of production here is more general than the usual Leontief or von Neumann technologies: production sets are assumed to be only convex.