ESTIMATING SECTORAL RATES OF SURPLUS VALUE: METHODOLOGICAL ISSUES

Dong‐Min Rieu

Metroeconomica, 2008, vol. 59, issue 4, 557-573

Abstract: The ‘New Interpretation’ (NI) argues that Marxian value categories can be measured using price variables through the concept of monetary expression of labour time (MELT). Starting from the central insight of the NI, this paper focuses on the estimation of sectoral rates of surplus value. It will be suggested that the MELT is decomposed into two concepts, ‘value expression of labour time’ and ‘monetary expression of value’. As a result of this theoretically general consideration, the NI will be critically examined.

Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
https://doi.org/10.1111/j.1467-999X.2008.00322.x

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: https://EconPapers.repec.org/RePEc:bla:metroe:v:59:y:2008:i:4:p:557-573

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0026-1386

Access Statistics for this article

Metroeconomica is currently edited by Heinz D. Kurz and Neri Salvadori

More articles in Metroeconomica from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().