Abstract

This research is aimed to revisiting some aspects of Marx’s theoretical corpus in the light of modern economics. First, we argue that Marx's labor theory of value is a monetary theory of production that allows for a resolution of capital measurement problem and precedes Keynes's General Theory. We then turn to reveal that Marx's monetary theory is a general theory of money from which arise a monetary theory of credit and a theory of paper money, both integrated into the theories of value and surplus value. Lastly, we discuss how Marx's foreign trade theory is integrated into his competition theory, and is not based on the unequal exchange hypothesis.

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