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Average period of production 1 Böhm-Bawerk’s theory of capital 1 Empirical labour theory of value 1 Sraffian theory 1
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Mariolis, Theodore 1 Soklis, George 1 Zouvela, Eugenia 1
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The Review of Austrian Economics 1
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Testing Böhm-Bawerk’s theory of capital: Some evidence from the Finnish economy
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...
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