Probabilistic Framework

Emmanuel D. Farjoun*, Moshé Machover, David Zachariah

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

The analysis in the subsequent part of this book builds on certain basic properties of the distributions of wages, prices and profits discussed here. A central point is that the framework establishes a link between two spheres of capitalist market economies: the visible sphere of exchange and market prices and the opaque but fundamental sphere of production and labor content. This probabilistic connection will play a central role in the pages that follow. We will end the chapter by pointing out some important methodological differences between our framework and that of standard economic theory.

Original languageEnglish
Title of host publicationNew Economic Windows
PublisherSpringer-Verlag Italia s.r.l.
Pages21-40
Number of pages20
DOIs
StatePublished - 2022

Publication series

NameNew Economic Windows
ISSN (Print)2039-411X
ISSN (Electronic)2039-4128

Bibliographical note

Publisher Copyright:
© 2022, The Author(s), under exclusive license to Springer Nature Switzerland AG.

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