A Discussion of the Idea That Both Interpretations of Socially Necessary Labor Time Should Be Considered in the Determination of Value

Ji Xianju

Chinese Economy, 1985, vol. 18, issue 3, 77-91

Abstract: In the matter of the relationship between socially necessary labor time and value determination, I suggest that the two meanings of the term "socially necessary labor time" ought to be considered together and in combination in the determination of value. One may call this the "theory of conjunctional determination." Let me discuss in the following my points of view by way of analyzing the comparative values and validities of various opinions.

Date: 1985
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