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Yukihiko Fujita
''On the All Commodities Surplus Theorem''
( 2021, Vol. 41 No.2 )
The purpose of this note is to propose the All Commodities Surplus Theorem (ACST) which is derived from the Hawkins-Simon (HS) condition. According to the Commodity Exploitation Theorem (CET), the HS condition implies the exploitation of only one commodity arbitrarily chosen. In contrast to the CET, the ACST emphasizes that the HS condition implies the exploitation of all commodities (or the existence of the surpluses in all commodity sectors). Based on the ACST, we derive the physical and price surplus determining equations, and integrating these two equations, we seek for the macro-identity (total amount of surplus products equals total amount of profits) in value theoretical contexts. These equations of this note have not appeared in the related literature. Because the economists in this field have studied by using the single commodity theory of value, it is impossible to derive the equations obtained in this note by their methods. We must use the ACST.
Keywords: All Commodities Surplus Theorem, Hawkins-Simon condition, Commodity Exploitation Theorem
JEL: C6 - Mathematical Methods and Programming: General
D6 - Welfare Economics: General
Manuscript Received : Sep 02 2020 Manuscript Accepted : Apr 09 2021

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