ABSTRACT

Marx's Reproduction Scheme is widely known as one of the first two-sector economic models in the history of economic theories. However, a close investigation into Marx's original shows that his multi-sectoral analysis contains not (only) two-sector models but six-sector ones, which were totally omitted by Engels in his editing the manuscripts for Capital, Volume II. Taking up two interesting theoretical episodes in the ignored six-sector analysis, this paper attempts to make sense of Marx's treatment on the price of production and the dynamic process of traverse between two equilibria.