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The dependence of prices on labour-values

Guerrero, Diego - In: Atlantic review of economics : AROE 1 (2011), pp. 1-33

It is frequently believed, in a quite schizophrenic fashion, that a theory of value must just solve the question of "relative prices" (a microeconomic problem), being mainly the theory of money the piece needed for determining the absolute or monetary level of prices (a macroeconomic problem)....

Persistent link: https://www.econbiz.de/10009273889

A Category-Mistake in the Classical Labor Theory of Value : Identification and Resolution

Wright, Ian P. - 2011

The classical labor theory of value generates two well-known antinomies: Ricardo's problem of an invariable measure of value and Marx's transformation problem. I show that both antinomies are generated by the same category-mistake of expecting a technical measure of labor cost to function as a...

Persistent link: https://www.econbiz.de/10013118214

The Labour Theory of Value : A Marginal Analysis

Hagendorf, Klaus - 2014

of value but in general, even in a Pareto optimal state, there is exploitation. It is shown that in principle, a … formation and control over capital democratically and collectively, a Pareto-optimum without exploitation …

Persistent link: https://www.econbiz.de/10013067145

Labour Values and the Theory of the Firm - Part I : The Competitive Firm (Valeurs de travail et la théorie du producteur - Partie I: L'entreprise sous la concurrence pure et parfai...

Hagendorf, Klaus - 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/10013153675

The European economic crisis from 2007 onwards in the context of a global crisis of over-production of capital - a Marxian monetary theory of value interpretation

Gander, Sascha - 2019

This paper attempts to clarify how the European economic crisis from 2007 onwards can be understood from the perspective of a Marxian monetary theory of value that emphasizes in-trinsic, structural flaws regarding capitalist reproduction. Chapter two provides an empirical description of the...

Persistent link: https://www.econbiz.de/10012063855

The Classical approach to distribution and the “natural system”

Bellino, Enrico - Volkswirtschaftliche Fakultät, … - 2009

The modern reformulation of Classical analysis of value and distribution built upon Sraffa’s Production of Commodities provides quite a general and open framework to study distributive relationships, that deserves to be still explored. The present work aims to go through these relationships...

Persistent link: https://www.econbiz.de/10005000670

The theory of exploitation as the unequal exchange of labour

Veneziani, Roberto; Yoshihara, Naoki - 2017

This paper analyses the normative and positive foundations of the theory of exploitation as the unequal exchange of … labour (UEL). The key intuitions behind all of the main approaches to UEL exploitation are explicitly analysed as a series of … axiom - called Labour Exploitation - which defines the basic domain of all UEL exploitation forms and identifies the formal …

Persistent link: https://www.econbiz.de/10011671876

Georg von Charasoff's theory of value, capital and prices of production

Huth, Thomas - 2013

The present paper on the now partly well known Russian mathematician and "amateur economist" v. Charasoff was originally written in 1987 together with H. Duffner three years after Charasoff's remarkable contribution of 1910 "Das System des Marxismus" (The system of Marxism) had been rediscovered...

Persistent link: https://www.econbiz.de/10009763957

Labor productivity and the law of decreasing labor content

Flaschel, Peter; Franke, Reiner; Veneziani, Roberto - 2010

This paper analyzes labor productivity and the law of decreasing labor content (LDLC) originally formulated by Farjoun and Machover (1983). First, it is shown that the standard measures of labor productivity may be rather misleading, owing to their emphasis on monetary aggregates. Instead, the...

Persistent link: https://www.econbiz.de/10008758085

The Concept of Surplus in the Marxist Theory : Debates, Ruptures, and Perspectives

Santarcangelo, Juan - 2012

The concept of surplus is central in the analysis of capitalism. From the Marxian literature we can identify two main approaches: on the one hand, the concept of surplus developed by Marx based on the distribution of time worked between workers and capitalists; while on the other, the concept of...

Persistent link: https://www.econbiz.de/10013099946