Mariolis, Theodore; Soklis, George; Zouvela, Eugenia - In: The Review of Austrian Economics 26 (2013) 2, pp. 207-220
This paper considers the pure labour theory of value and Böhm-Bawerk’s theory of capital as approximations of Sraffa’s model of single production, and tests them with data from the Symmetric Input-output Tables of the Finnish economy. The results show that (i) in comparison with the labour...