Some remarks on a paper of Nils Fröhlic on labour value theory

Hans-Gert Gräbe

MPRA Paper from University Library of Munich, Germany

Abstract: This note contains some remarks about a generalized theoretical framework for a labour value theory that allows to deduce the different settings considered in Fröhlich's paper for empirical validation from a unified point of view. The formulation strongly suggests that profit rates can be interpreted as labour values for the organisational part of production. Profit rate formation suggests that this part is not measured by a time measure, a suspicion already expressed by Marx in the Grundrisse about labour value formation in a situation dominated by applications of the “general intellect”.

Keywords: labour value theory; labour value coefficients (search for similar items in EconPapers)
JEL-codes: C5 C67 (search for similar items in EconPapers)
Date: 2012, Revised 2012
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