<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0188-3380</journal-id>
<journal-title><![CDATA[Economía: teoría y práctica]]></journal-title>
<abbrev-journal-title><![CDATA[Econ: teor. práct]]></abbrev-journal-title>
<issn>0188-3380</issn>
<publisher>
<publisher-name><![CDATA[Universidad Autónoma Metropolitana, a través de la Unidad Iztapalapa, la Unidad Azcapotzalco y la Unidad Xochimilco, División de Ciencias Sociales]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0188-33802018000100009</article-id>
<article-id pub-id-type="doi">10.24275/etypuam/ne/482018/pelaez</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Inconsistencia del equilibrio parcial en la teoría del valor y su consistencia macroeconómica]]></article-title>
<article-title xml:lang="en"><![CDATA[Inconsistency of Partial Equilibrium Analysis Into the Theory of Value and its Macroeconomics Consistency]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Peláez Gramajo]]></surname>
<given-names><![CDATA[José Guillermo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Autónoma Metropolitana  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2018</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2018</year>
</pub-date>
<numero>48</numero>
<fpage>9</fpage>
<lpage>38</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0188-33802018000100009&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0188-33802018000100009&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0188-33802018000100009&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen: Este trabajo tiene dos objetivos, primero, mostrar que el análisis del equilibrio parcial no tiene sentido en la teoría del valor, y segundo, mostrar su potente utilidad en los agregados macroeconómicos. El análisis de un solo mercado, asumiendo la cláusula filosófica ceteris paribus, es engañoso y simplista, pues, cuando varía el precio en un mercado, el ingreso residual influye en el resto de éstos, además, la existencia de mercancías complementarias y sustitutas también refleja la interdependencia general y la naturaleza holística del sistema económico: el todo es más que la suma de las partes, obviar este hecho conduce a la trampa de la falacia de composición. Cournot, al criticar a los economistas clásicos, efectuó un análisis significativo de los precios relativos, así, introdujo la plata como numerario. El pleno desarrollo de la incorporación del dinero dentro de la teoría del valor es mérito de Marx, quien introdujo el oro como moneda mercancía que tiene valor intrínseco. Sraffa efectuó la crítica seminal al análisis del equilibrio parcial de Marshall por medio de las dos leyes de rendimientos (crecientes y decrecientes) cuyos efectos provocan profundas distorsiones en la simetría de la oferta y la demanda descrita en un mercado aislado. Al criticar el análisis del equilibrio parcial, Arrow y Hahn muestran que, el análisis del equilibrio no puede ser fragmentado en equilibrios separados porque la existencia de un mercado implica que, por lo menos, existe un mercado adicional, estos autores demuestran que, si se asume la ficción de una economía de dos bienes, el análisis gráfico de un mercado muestra el equilibrio y desequilibrio general, pues el precio del mercado ausente es el numerario. Sin embargo, Arrow y Hahn apuntan acertadamente que, cuando se aplica el teorema Leontief-Hicks, es posible el análisis del equilibrio parcial, el cual tiene relevancia teórica y empírica para una economía con múltiples mercados.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract: This paper has two aims, to point out that partial equilibrium analysis does not make sense into the theory of value; and to show its utility concerning the macroeconomic analysis. The analysis of one single market, assuming ceteris paribus philosophical clause, is simplistic and misleading, since a change on market price, modifies residual disposable income to finance purchases on the rest of the markets; besides, the existence of substitutability and complementariness, between commodities, also reflect the general interdependence between markets as well as the holistic nature of the economic system: the whole is more than the aggregate of the parts, to elude this fact leads to the trick of the fallacy of composition. Thus, Cournot&#8217;s criticism to classical economists becomes a meaningful analysis on relative prices as a result of a market trading process; thus, he introduces silver as numeraire. Nonetheless, the full development regarding the incorporation of money into the theory of value comes from Marx, who introduced currency as commodity money (gold), which has intrinsic value. Sraffa made the seminal criticism to Marshall&#8217;s partial equilibrium analysis by means of the two laws of returns (increasing and diminishing), whose effects have profound disturbs on the symmetry of supply and demand that is described into isolated markets. Arrow and Hahn pointed out that the equilibrium analysis cannot be fragmented into separated equilibriums; the existence of one market implies, at least, the existence of an additional market. By assuming the fiction that the economy has two commodities, the graphic analysis of one single market shows the general equilibrium and disequilibrium, since the price of the absent market works as numeraire. Nevertheless, by means of Leontief-Hicks theorem, it is possible the equilibrium analysis within the framework of great economic aggregate tendencies, that has theoretical and empirical relevance and importance for the assessment of the economy.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[Equilibrio general]]></kwd>
<kwd lng="es"><![CDATA[equilibrio parcial]]></kwd>
<kwd lng="es"><![CDATA[desequilibrio]]></kwd>
<kwd lng="es"><![CDATA[precio relativo]]></kwd>
<kwd lng="es"><![CDATA[sustitutabilidad]]></kwd>
<kwd lng="es"><![CDATA[complementariedad]]></kwd>
<kwd lng="es"><![CDATA[índice de precios]]></kwd>
<kwd lng="es"><![CDATA[numerario]]></kwd>
<kwd lng="es"><![CDATA[microeconomía]]></kwd>
<kwd lng="es"><![CDATA[macroeconomía]]></kwd>
<kwd lng="es"><![CDATA[B310]]></kwd>
<kwd lng="es"><![CDATA[B410]]></kwd>
<kwd lng="es"><![CDATA[B460]]></kwd>
<kwd lng="es"><![CDATA[D500]]></kwd>
<kwd lng="en"><![CDATA[general equilibrium]]></kwd>
<kwd lng="en"><![CDATA[partial equilibrium]]></kwd>
<kwd lng="en"><![CDATA[disequilibrium]]></kwd>
<kwd lng="en"><![CDATA[relative price]]></kwd>
<kwd lng="en"><![CDATA[substitutability]]></kwd>
<kwd lng="en"><![CDATA[complementariness]]></kwd>
<kwd lng="en"><![CDATA[index price]]></kwd>
<kwd lng="en"><![CDATA[numeraire]]></kwd>
<kwd lng="en"><![CDATA[microeconomics]]></kwd>
<kwd lng="en"><![CDATA[macroeconomics]]></kwd>
<kwd lng="en"><![CDATA[B310]]></kwd>
<kwd lng="en"><![CDATA[B410]]></kwd>
<kwd lng="en"><![CDATA[B460]]></kwd>
<kwd lng="en"><![CDATA[D500]]></kwd>
</kwd-group>
</article-meta>
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