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The Marxian labour theory of value considers labour as the only substance of value. The generalized commodity exploitation theorem (GCET) purports to demonstrate that many other commodities can be substances of value. This note argues that the GCET is based on two conceptual aws: (a) failure to...
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theoretically relevant to capital accumulation. Essentially, there is no solid ground for Marxism, of various sorts, to claim that …. And as this paper demonstrates, this problem affects theories that are using Marxism to explain the economic value of …
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