|
EconStor >
The Open University, Milton Keynes >
Department of Economics, Faculty of Social Sciences, The Open University >
Open Discussion Papers in Economics, The Open University >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/65709
|
| | |
| Title: | | Nonstandard labour values  |
| Authors: | | Wright, Ian |
| Issue Date: | | 2007 |
| Series/Report no.: | | Open Discussion Papers in Economics, The Open University 69 |
| Abstract: | | The standard definition of labour value assumes that capitalists abstain from consumption during the period of replacement. The nonstandard definition of labour value assumes that capitalists consume. Both the transformation problem and the problem of an invariable measure of value are necessary consequences of standard labour values. In contrast, nonstandard labour values resolve both classical contradictions. |
| Document Type: | | Working Paper |
| Appears in Collections: | | Open Discussion Papers in Economics, The Open University
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/65709
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|