We support labour contents as an absolute and reliable measurement unit and as an accounting procedure that expresses the real costs and profits of the economic system. As far as this measurement capacity of labour is concerned, we try to demonstrate, that, from a theoretical point of view, the...

The "Association d'Instituts Européens de Conjoncture Economique" (AIECE) forecasts a slowdown in the rise of industrial raw material prices for 1989, and a reversal for 1990, mostly owing to the decline in non-ferrous metal prices. After a short lag, the turn-around in prices is expected to be...