- 28 Jun 2005 18:55
#669606
-An interesting topic for discussion. Here is the link for the article.
http://reality.gn.apc.org/econ/
Testing the labor theory of value in Sweden, Dave Zacharaih
This study aims to investigate the empirical strength of the labor theory of value. Using
input-output data and labor hour statistics for Sweden it replicates tests done by Cockshott and
Cottrell (1998) for the British economy. Its results are broadly consistent: labor values are closely
correlated with market prices. When it comes to reality, the labor theory of value works at least as
well as the theory of production prices.
The article is in *.pdf. I will be studying it as soon as possible.
http://reality.gn.apc.org/econ/
Testing the labor theory of value in Sweden, Dave Zacharaih
This study aims to investigate the empirical strength of the labor theory of value. Using
input-output data and labor hour statistics for Sweden it replicates tests done by Cockshott and
Cottrell (1998) for the British economy. Its results are broadly consistent: labor values are closely
correlated with market prices. When it comes to reality, the labor theory of value works at least as
well as the theory of production prices.
The article is in *.pdf. I will be studying it as soon as possible.
Economic left right: -8,75
Libertarian/authoritarian:-4,98
Libertarian/authoritarian:-4,98