Time, the value of money and the quantification of value

Alan Freeman ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper establishes, and illustrates for the case of the UK, a temporal method for calculating the labour values of outputs from any process or sector of a market economy. It exhibits the temporal calculation of the Monetary Equivalent of Labour Time (MELT), the general ratio between monetary and labour time magnitudes, for a single national economy, but does not correct for the consequences of value transfers within the world economy as a whole. The method is nevertheless generalisable, provided international value transfers are properly accounted.

Keywords: Liquidity; Value; Quantification; MELT; MEL; Money; Labour; Marx; TSSI; Temporalism (search for similar items in EconPapers)
JEL-codes: O41 B51 B41 B14 B12 (search for similar items in EconPapers)
Date: 1998-09-12
View citations in EconPapers

Downloads: (external link)
http://mpra.ub.uni-muenchen.de/2217/

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:pra:mprapa:2217

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany
Address: Schackstr. 4, D-80539 Munich, Germany
Contact information at EDIRC.
Series data maintained by Ekkehart Schlicht ().