The Labor "Embodied" in Smith's Labor-Commanded Measure: a "Rationally Reconstructed" Legend.

Adams Smith presented the notion of the labor commanded by a commodity in the marketplace. Much of what we think and we know regarding Smith's value measure and its role in his larger system must be jettisoned. That alone qualifies this new view as deserving of the most careful inspection, and it is to that task that this essay is devoted.

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Year of publication:	1999-07
Authors:	Hueckel, G.
Institutions:	Krannert School of Management, Purdue University
Subject:	LABOUR MARKET \| EMPLOYMENT \| ECONOMIC THEORY

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Series:	Purdue University Economics Working Papers.
Type of publication:	Book / Working Paper
Notes:	37 pages
Classification:	E00 - Macroeconomics and Monetary Economics. General ; E24 - Employment; Unemployment; Wages ; J20 - Time Allocation; Work Behavior; Employment Determination and Creation. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005835373