Classical Labor Values: Properties of Economic Reproduction

Autor: David Zachariah, Paul Cockshott
Jazyk: angličtina
Rok vydání: 2020
Předmět:
Zdroj: World Review of Political Economy, Vol 11, Iss 3, Pp 388-414 (2020)
Druh dokumentu: article
ISSN: 2042-8928
2042-891X
DOI: 10.13169/worlrevipoliecon.11.3.0388
Popis: We consider economic value as a property that renders heterogeneous goods and services commensurable. Starting from the basic division of output between workers and non-workers, we are able to derive value as a property of systems of economic reproduction. We show its relation to value in classical political economy and in Sraffian economic theory. We go on to discuss the applicability of the derivation and its relevance for analyzing distribution, productivity and employment in a wide range of economies.
Databáze: Directory of Open Access Journals