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Recent Developments in the Labor Theory of Value
Review of Radical Political Economics, 2000This paper reviews the historical roots of Marx's labor theory of value and some contemporary contributions to the critique of this theory. Modern commentary on Marx's labor theory of value based on dual system of parallel prices and embodied labor coefficients loses sight of the theory's roots in the philosophy of historical materialism and its ...
Duncan K. Foley
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Expanding the Labor Theory of Value
Dialectical Anthropology, 2016This paper revisits debates over the labor theory of value in the 1970s and 1980s and proposes an expansion and revision for the neoliberal era. It draws on three empirical cases of social movements grappling with contemporary changes in the societal division of labor and argues that they can best be understood as “revaluation” projects seeking to ...
Jane Collins
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Monthly Review, 1977
Review of Studies in the Labor Theory of Value by Ronald L. Meek.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website.
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Review of Studies in the Labor Theory of Value by Ronald L. Meek.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website.
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Comparative Sociology
Abstract This article explores the impact of employment structure on emancipative values across countries with varying levels of development and cultural sensitivity, particularly focusing on Asian societies. Building upon modernization theory, which traditionally emphasizes economic growth as the primary driver of value change, we ...
Artur Musaev, Ivan A. Ankudinov
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Abstract This article explores the impact of employment structure on emancipative values across countries with varying levels of development and cultural sensitivity, particularly focusing on Asian societies. Building upon modernization theory, which traditionally emphasizes economic growth as the primary driver of value change, we ...
Artur Musaev, Ivan A. Ankudinov
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Productive and Unproductive Labor in the Labor Theory of Value
Review of Radical Political Economics, 1996Using a particular understanding of the labor theory of value, this paper surveys the criticisms made of the Marxian distinction between productive and unproductive labor, and rejects them as misconceived. The distinction is then used to draw some consequences for how "the rate of exploitation" should be understood.
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The Status of the Labor Theory of Value
Southern Economic Journal, 1945In the period of classical economics the labor theory of value was more or less universally accepted as the central concept of political economy. After Ricardo, however, socialist writers employed the labor theory of value to support their contention that under capitalism workers did not receive the full product of their labor.
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