This paper establishes, and illustrates for the case of the UK, a temporal method for calculating the labour values of … Labour Time (MELT), the general ratio between monetary and labour time magnitudes, for a single national economy, but does …

State interventions into Labour policies in India are directed towards ensuring both job security and income security … labour by capital, hired casual workers, and set up ancillary units. Consequently, output elasticity of employment has … labour market dualism. Reforms herein are necessary but should be implemented in a careful and phased manner to avoid …

circuits of revenue which deals specifically with social reproduction, and a detailed treatment of unproductive labour …

treated with reference to a specific price index, the monetary expression of labour value (MEV), which accounts for both … Interpretation’ money expression of living labour time, which does not consider the opportunity-cost of capital and, following the … erroneous net value equality, focuses on the money value of the living labour time commanded by commodities at a given wage rate …

’s theoretical treatment of value and capital. It implies the abandonment of the ‘pure’ labour theory of value of the young Marx in … favour of a ‘mixed’ labour-and capital theory of value reflecting the different theoretical perspective shown by the mature …’ between the net product of the economy and the living labour employed in the production of gross output. A different method …