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Hume and the Labor Theory of Value
Review of the History of Economic Thought and MethodologyThe received view does not associate David Hume with the genesis of the labor theory of value, but as is argued here, Hume issued a number of key propositions that belong to the labor theory of value such that he rightly belongs to the classical school ...
Margaret Schabas
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A Labor Theory of Negotiation: From Integration to Value Creation
Journal of Law and Political Economy, 2020 This article argues that Mary Parker Follett developed a socialist theory of negotiation in response to early twentieth century labor struggle (at least if socialism means the democratization of economic life). This defining feature of Follett’s work has
Amy J. Cohen
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World Review of Political Economy, 2023 This article makes an analytical critique of the position of Basu, Haas, and Moraitis, who, by extending the conventional linear system for the simultaneous determination of value, argue that in Marx’s economic theory the intensification of work ...
Alan A. Deytha Mon +1 more
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Market competition, labor value and price: a Marxist disequilibrium theoretical and empirical framework [PDF]
China Political EconomyPurpose – The correlations and deviations between market prices, production prices and values are critical indexes for testing the labor theory of value.
Feng Zhao, Jianbao Zhang, Zhen Luo
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Ricardo’s Labor Theory of Value Is Alive And Well in Contemporary Capitalism
World Review of Political Economy, 2021 This article, by utilizing Ricardo’s numerical examples, derives theoretical statements about the deviations of relative values (prices) from relative labor times.
Lefteris Tsoulfidis
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The Value Theory of Labor Based on Marginalist Principles
World Review of Political Economy, 2019 Our treatment of the theme is inspired by the formulation of Hiroshi Onishi. Professor Onishi establishes the labor theory of value by deriving a proportionality between labor power and output.
Romar Correa
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Analysis on Neoclassic Equilibrium Theory of Price
World Review of Political Economy, 2015 The thesis analyzes the neoclassic price theory within the framework of value and price theory based on Marx's labor theory of value, and then illustrates the position, essence, and defects of neoclassic price theory.
Baoli Bai, Ruixue Bai
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A model of values and prices based on a solution to the transformation problem
Iberian Journal of the History of Economic Thought, 2022 This article presents a comprehensive values and prices formation model based on Marx’s (1992, 1993) labor theory of value within a Temporal Single-System Interpretation (TSSI) framework.
Marcelo Andrés Verbeke
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Comparative Advantage and the Labor Theory of Value [PDF]
History of Political Economy, 2011 With the famous numerical example of chapter 7 of the Principles (1817) David Ricardo intended to illustrate first and foremost the new proposition that his labor theory of value does not regulate the price of international transactions when the factors of production are immobile between countries.
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Journal of Banking and Financial Economics, 2017 This paper illustrates that basic global economic concepts can be directly related to the First and Second Laws of Thermodynamics. We believe that all economic returns are from nothing except from current and past human expenditure of human energy ...
Mario W. Cardullo, Manhong Mannie Liu
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