Arbeitswerte und die Theorie der Unternehmung. Teil I: Die Unternehmung unter vollständiger Konkurrenz
Labour Values and the Theory of the Firm. Part I: The Competitive Firm
Klaus Hagendorf ()
MPRA Paper from University Library of Munich, Germany
This paper is the first part of a Marxian critique of the theory of the firm focusing on the analysis of labour values. Starting from Adam Smith's example of the deer hunter, marginal analysis is introduced culminating in the derivation of the Labour Value Function as the supply curve of the competitive firm in terms of labour values. The analysis is based on a new definition of labour value which is Marxian in spirit and respects modern mathematical optimization methods not found in Marx and offers a further development and coherent interpretation of Marx's value theory. The analysis is limited to the case of the competitive firm.
Keywords: Marxian economics; labour theory of value; value theory; marginal analysis; microeconomics; theory of the firm; marginal cost; labour value function; supply function; Adam Smith (search for similar items in EconPapers)
JEL-codes: A13 B14 B24 B51 D21 D41 D46 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ger and nep-hpe
References: View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://mpra.ub.uni-muenchen.de/18501/1/MPRA_paper_18501.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/19457/2/MPRA_paper_19457.pdf revised version (application/pdf)
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:pra:mprapa:18501
Access Statistics for this paper
More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().