Munich Personal RePEc Archive

Classical labour values – properties of economic reproduction

Zachariah, David and Cockshott, Paul (2018): Classical labour values – properties of economic reproduction.

WarningThere is a more recent version of this item available.
[img]
Preview
PDF
MPRA_paper_101915.pdf

Download (346kB) | Preview

Abstract

We attempt to clarify and generalize the meaning of economic value as conceptualized in classical political economy. Using a modern formalism, we show that value can be derived as a basic property of systems of economic reproduction. The applicability of the concept is discussed and its relation to inequality, productivity, employment, and unproductive activities are demonstrated.

Available Versions of this Item

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.