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- W3123856859 abstract "Marx’s theory of labour value is flawed. This note summarizes the main reasons why this is so. At the same time, it claims that the theory of exploitation does not depend on a labour embodied valuation and can be expounded by resorting to the theory of production prices. Almost all Marxists have now accepted this truth. Most of them have been convinced by a ‘new interpretation’ which has been able to translate the price of net output into an amount of ‘living labour’ and the rate of exploitation into a ratio between unpaid and paid labour. What produced such a surprising result is the use of labour productivity as a numeraire" @default.
- W3123856859 created "2021-02-01" @default.
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- W3123856859 date "2015-03-01" @default.
- W3123856859 modified "2023-09-27" @default.
- W3123856859 title "The Demise of Marx’s Labour Theory of Value and the ‘New Interpretation’: A Recap Note" @default.
- W3123856859 hasPublicationYear "2015" @default.
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