Nonstandard labour values
No 69, Open Discussion Papers in Economics from The Open University, Faculty of Social Sciences, Department of Economics
The paper argues that the standard definition of labour value assumes that capitalists abstain from consumption during the period of replacement. The non standard definition of labour value assumes that capitalists consume. Both the transformation problem and the problem of an invariable measure of values are necessary consequences of standard labour values. In constrast, non standard labour values resolve both classical contradictions.
Pages: 66 pages
References: Add references at CitEc
Citations: Track citations by RSS feed
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:opn:wpaper:69
Access Statistics for this paper
More papers in Open Discussion Papers in Economics from The Open University, Faculty of Social Sciences, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by IT team member ().