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A Note on Ronald Meek's 'Studies in the Labour Theory of Value'
Hagendorf, Klaus - Volkswirtschaftliche Fakultät, … - 2006
Ronald Meek has (deliberately) ignored a very important discovery of Jevons. When labour is measured in terms of marginal labour values prices are proportional to these values and commodities exchange accordingly. This has been rediscovered by Soviet economists and that has been published in the...
Persistent link: https://www.econbiz.de/10005835681
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The Labour Theory of Value: A Marginal Analysis
Hagendorf, Klaus - Volkswirtschaftliche Fakultät, … - 2008
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...
Persistent link: https://www.econbiz.de/10005619897
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A Comparative Study of the Major Economic Systems in the aftermath of the Great Recession
Shaikh, Salman - Volkswirtschaftliche Fakultät, … - 2009
This paper compares the fundamental postulates of major economic systems i.e. Capitalism, Socialism, Mixed economy (a … hybrid of Capitalism and Socialism) and the Islamic economic system. It identifies through a review of theoretical economics … system are the major problematic issues in Capitalism against which mixed economy has also shown limited effectiveness …
Persistent link: https://www.econbiz.de/10008497696
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New imperialism or new capitalism?
Nitzan, Jonathan; Bichler, Shimshon - Volkswirtschaftliche Fakultät, … - 2006
gets accumulated and the specific historical trajectory of twentieth-century capitalism up to the present. …
Persistent link: https://www.econbiz.de/10005621372
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Economic Size and Debt Sustainability against Piketty's Capital Inequality
cho, hyejin - Volkswirtschaftliche Fakultät, … - 2014
fundamental law of capitalism originated by Thomas Piketty illustrate capital inequality undervalued than labor inequality. In …
Persistent link: https://www.econbiz.de/10011071615
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Balance del modelo agroexportador en América Latina el comenzar el siglo XXI
Reveles, Acosta; Lorena, Irma - Volkswirtschaftliche Fakultät, … - 2006
The purpose of this essay is offer a perspective of situation crosses today regional agriculture, checking some of its added balances. It interests us to debate the optimistic and not very critical way with which the figures are divulged and to put in evidence aspects fewer diffused, but of...
Persistent link: https://www.econbiz.de/10005790309
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Labour Values and the Theory of the Firm: Part I: The Competitive Firm
Hagendorf, Klaus - Volkswirtschaftliche Fakultät, … - 2009
This paper is the first part of a Marxian critique of the theory of the firm, focusing on the analysis of labour values. Starting from Adam Smith's example of the deer hunter marginal analysis is introduced, culminating in the derivation of the Labour Value Function as the supply curve of the...
Persistent link: https://www.econbiz.de/10008502745
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Wolfgang Mühlpfordt and the ‘transformation problem’: some remarks on articles by Howard and King and Gilibert
Quaas, Friedrun - Volkswirtschaftliche Fakultät, … - 1994
Until recently, the name of Wolfgang Mühlpfordt (1872-1928) was certainly not among those a theoretical economist was expected to know. Mühlpfordt has now been rehabilitated not only in the Cambridge Journal of Economics (Howard and King: 1987 and Gilibert:1991), but also in the German...
Persistent link: https://www.econbiz.de/10008545977
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Arbeitswerte und die Theorie der Unternehmung. Teil I: Die Unternehmung unter vollständiger Konkurrenz
Hagendorf, Klaus - Volkswirtschaftliche Fakultät, … - 2009
This paper is the first part of a Marxian critique of the theory of the firm focusing on the analysis of labour values. Starting from Adam Smith's example of the deer hunter, marginal analysis is introduced culminating in the derivation of the Labour Value Function as the supply curve of the...
Persistent link: https://www.econbiz.de/10008550068
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A remark on intensive differential rent and the labour theory of value in Ricardo
Fratini, Saverio M. - Volkswirtschaftliche Fakultät, … - 2010
One of the foundations of the labour theory of value used by Ricardo in the Principles is that rent does not enter into commodity prices. In response to objections raised by Malthus and Say, Ricardo defended this idea by arguing that even where all cultivated land pays rent, the last dose of...
Persistent link: https://www.econbiz.de/10008534270