Marx’s Labor Theory of Value. Misleading or Truth?

Fake News or Truth? Using Satirical Cues to Detect Potentially Misleading News

Satire is an attractive subject in deception detection research: it is a type of deception that intentionally incorporates cues revealing its own deceptiveness. Whereas other types of fabrications aim to instill a false sense of truth in the reader, a successful satirical hoax must eventually be exposed as a jest. This paper provides a conceptual overview of satire and humor, elaborating and il...

Recent Developments in the Labor Theory of Value

The labor theory of value presents one of the most puzzling and intriguing phenomena in the history of thought. Its emergence in the late 18th and early 19th centuries as a coherent basis for economic analysis grounded the penetrating and fertile development of Classical political economy which found its peaks in the work of Adam Smith and David Ricardo, and the equally fertile critique of Karl...

Testing the labor theory of value in Sweden

This study aims to investigate the empirical strength of the labor theory of value. Using input-output data and labor hour statistics for Sweden it replicates tests done by Cockshott and Cottrell (1998) for the British economy. Its results are broadly consistent: labor values are closely correlated with market prices. When it comes to reality, the labor theory of value works at least as well as...

Classical macrodynamics and the labor theory of value

Truth-bearers or Truth-makers?