The Labour Theory of Value: A Marginal Analysis

The difficulties of the classical and Marxian labour theory of value are overcome when labour is measured in terms of marginal labour value. Marginal labour value is the inverse of the marginal productivity of labour. Relative prices are equal to the ratio of marginal labour values. This article presents the marginal approach to the labour theory of value.

MoreLess

Year of publication:	2008-08-28
Authors:	Hagendorf, Klaus
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Exploitation \| Labour Theory of Value \| Marginal Analysis \| Marxism

freely available

Full text |

More access options

mpra.ub.uni-muenchen.de

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	D0 - Microeconomics. General ; B51 - Socialist; Marxian; Sraffian ; D46 - Value Theory ; D24 - Production; Capital and Total Factor Productivity; Capacity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005619897