Search Results - subject:"labor theory of value"

The labor theory of value and the problem of joint production : the failure of Sraffa's theory and Morishima's misconception

Flamant, Christian - In: World review of political economy : journal of the … 14 (2023) 1, pp. 63-98

The labor theory of value has been rejected by Morishima on the grounds that it would be incompatible with joint … production, as well as the way they relate to the real world. For Morishima, the labor theory of value is a particular case of …

Persistent link: https://www.econbiz.de/10014434277

A critique of the simultaneist interpretation of work intensity in Marx's value theory from the TSSI perspective

Deytha Mon, Alan A.; Hernández Solorza, A. Sebastián - In: World review of political economy : journal of the … 14 (2023) 1, pp. 99-121

This article makes an analytical critique of the position of Basu, Haas, and Moraitis, who, by extending the conventional linear system for the simultaneous determination of value, argue that in Marx's economic theory the intensification of work generates absolute surplus value and is not...

Persistent link: https://www.econbiz.de/10014434278

Alternative approaches to labor values and prices of production : theory and evidence

Basu, Deepankar; Moraitis, Athanasios - 2023

In this paper, we discuss three approaches to estimating classical prices of production(long run equilibrium prices) in both a circulating capital model and a model that includes capital stock: the Standard Interpretation of Marx's value theory, the New Interpretation of Marx's value theory, and...

Persistent link: https://www.econbiz.de/10014292227