Monetäre Werttheorie.

Abstract

In contrast to the traditional labor embodied theory of value a monetary approach to Marxian value theory is presented, stressing the ideas of value form analysis. Its implications for the theories of credit and crisis are discussed. It is shown, that Marx‘ „law of the tendency of the rate of profit to fall“ cannot be held, but that this does no harm to a theory of crisis, developed on the basis of monetary value theory.