An interpretation of the labor theory of value is proposed which retains the proportionality of profit and unpaid labor time in the face of any deviations of prices from labor values. The concept "value of labor power" in the case when prices are proportional to labor values is equal both to the...

This paper reviews the historical roots of Marx's labor theory of value and some contemporary contributions to the critique of this theory. Modern commentary on Marx's labor theory of value based on dual system of parallel prices and embodied labor coefficients loses sight of the theory's roots...

This talk examines the popular idea that “economic growth†can continue indefinitely in post-industrial capitalist economies through the shift of labor to “service†sectors, particularly finance and information-based activities, in the light of the classical-Marxian theory of...