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

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 total measure of labor cost. This category-mistake is the deep conceptual generator of the two hundred year history of the ‘value controversy'. Once identified we can avoid the category-mistake, which yields a labor theory of value with an invariable measure of value and without a transformation problem

MoreLess

Year of publication:	2011
Authors:	Wright, Ian P.
Publisher:	[2011]: [S.l.] : SSRN
Subject:	Arbeitswerttheorie \| Labour theory of value \| Klassische Ökonomie \| Classical economics \| Marxismus \| Marxism

freely available

Full text |

More access options

doi.org

Check Google Scholar

In German libraries (KVK)

I need help

Which error do you want to report?

Report: URL of this record is broken

Please note: Sometimes more than one URL is available for a resource. Please click on "More Options" to display these URLs

Report: Addition of an URL to that resource

Please note: Sometimes more than one URL is available for a resource. Please click on "More Options" to display these URLs

Report: The language(s) of that resource is/are…

Please note: Required language not in the list? Please use comment field

Report: Addition of an identifier to that resource

Report: report typo

Report: Add statement

Report: Add keywords

Please use the commentary box to describe other errors

Would you like to receive a feedback?

Commentary

Please type the code from the image

For general questions please use this address.

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