Testing Marx with Input Output Tables

William Cockshott (), A. Cottrell and G. Michaelson
Additional contact information
A. Cottrell: Wake Forest University
G. Michaelson: Heriot Watt University

Method and Hist of Econ Thought from University Library of Munich, Germany

Abstract: The paper describes an attempt to use the British Input Output tables and other computer readable British Economic statistics to test hypotheses about the labour theory of value. Inversion of the I/O matrices is used to obtain estimates of values for commodity groups and the correlations between these and prices are computed. The results show a very high level of correlation between values and prices.

Keywords: labour theory of value; Marx; Ricardo (search for similar items in EconPapers)
JEL-codes: B (search for similar items in EconPapers)
Pages: 19 pages
Date: 2004-06-07
New Economics Papers: this item is included in nep-hpe
Note: Type of Document - pdf; pages: 19
References: Add references at CitEc
Citations:

Downloads: (external link)
https://econwpa.ub.uni-muenchen.de/econ-wp/mhet/papers/0406/0406002.pdf (application/pdf)

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:wpa:wuwpmh:0406002

Access Statistics for this paper

More papers in Method and Hist of Econ Thought from University Library of Munich, Germany
Bibliographic data for series maintained by EconWPA ( this e-mail address is bad, please contact ).