Did Marx Have a Labour Theory of Value?
<p class="first" id="d363401e75">It has long been accepted that Marx was a follower of the labour theory of value. This position has recently been challenged by Harvey. This paper shows that the essential basis of Marx's value theory remained la...
| Main Author: | |
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| Format: | Article |
| Language: | English |
| Published: |
Pluto Journals
2019-03-01
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| Series: | World Review of Political Economy |
| Online Access: | https://www.scienceopen.com/hosted-document?doi=10.13169/worlrevipoliecon.10.1.0069 |
| _version_ | 1797834187143643136 |
|---|---|
| author | Paul Cockshott |
| author_facet | Paul Cockshott |
| author_sort | Paul Cockshott |
| collection | DOAJ |
| description | <p class="first" id="d363401e75">It has long been accepted that Marx was a follower of the labour theory of value.
This position has recently been challenged by Harvey. This paper shows that the essential
basis of Marx's value theory remained labour and that it did not differ substantially
from that of Ricardo. It also references data showing the empirical validity of the
theory and presents example data from the UK 1998 input output table showing how closely
monetary output shadows labour content.
</p> |
| first_indexed | 2024-04-09T14:35:31Z |
| format | Article |
| id | doaj.art-23f0c46e56e04c40828180b7836d2210 |
| institution | Directory Open Access Journal |
| issn | 2042-891X 2042-8928 |
| language | English |
| last_indexed | 2024-04-09T14:35:31Z |
| publishDate | 2019-03-01 |
| publisher | Pluto Journals |
| record_format | Article |
| series | World Review of Political Economy |
| spelling | doaj.art-23f0c46e56e04c40828180b7836d22102023-05-03T13:39:09ZengPluto JournalsWorld Review of Political Economy2042-891X2042-89282019-03-01101698410.13169/worlrevipoliecon.10.1.0069Did Marx Have a Labour Theory of Value?Paul Cockshott<p class="first" id="d363401e75">It has long been accepted that Marx was a follower of the labour theory of value. This position has recently been challenged by Harvey. This paper shows that the essential basis of Marx's value theory remained labour and that it did not differ substantially from that of Ricardo. It also references data showing the empirical validity of the theory and presents example data from the UK 1998 input output table showing how closely monetary output shadows labour content. </p>https://www.scienceopen.com/hosted-document?doi=10.13169/worlrevipoliecon.10.1.0069 |
| spellingShingle | Paul Cockshott Did Marx Have a Labour Theory of Value? World Review of Political Economy |
| title | Did Marx Have a Labour Theory of Value? |
| title_full | Did Marx Have a Labour Theory of Value? |
| title_fullStr | Did Marx Have a Labour Theory of Value? |
| title_full_unstemmed | Did Marx Have a Labour Theory of Value? |
| title_short | Did Marx Have a Labour Theory of Value? |
| title_sort | did marx have a labour theory of value |
| url | https://www.scienceopen.com/hosted-document?doi=10.13169/worlrevipoliecon.10.1.0069 |
| work_keys_str_mv | AT paulcockshott didmarxhavealabourtheoryofvalue |