Putting labour values to work
نویسندگان
چکیده
Abstract Conventional wisdom has it that Marxian value theory, and labour values themselves, are logically inconsistent, theoretically shaky, empirically irrelevant. In this paper, we discuss recent research showing conclusion is not warranted. While past debates have definitively proved values, or employment multipliers, cannot be used to explain equilibrium prices, does mean a sound, oriented approach built which assigns central role values. To specific, argue they can understand certain fundamental laws of capitalist economies – in particular the relation between profitability, technical progress, accumulation also construct normatively interesting indices capturing inequalities well-being freedom.
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ژورنال
عنوان ژورنال: Acta Oeconomica
سال: 2022
ISSN: ['1588-2659', '0001-6373']
DOI: https://doi.org/10.1556/032.2022.00019