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Some remarks on a paper of Nils Fröhlic on labour value theory

Gräbe, Hans-Gert (2012): Some remarks on a paper of Nils Fröhlic on labour value theory.

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Abstract

This note contains some remarks about a generalized theoretical framework for a labour value theory that allows to deduce the different settings considered in Fröhlich's paper for empirical validation from a unified point of view. The formulation strongly suggests that profit rates can be interpreted as labour values for the organisational part of production. Profit rate formation suggests that this part is not measured by a time measure, a suspicion already expressed by Marx in the Grundrisse about labour value formation in a situation dominated by applications of the “general intellect”.

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