The Labor Theory of Value and the Problem of Joint Production: The Failure of Sraffa’s Theory and Morishima’s Misconception
The labor theory of value has been rejected by Morishima on the grounds that it would be incompatible with joint production, which would create negative labor values. This article starts by recalling the various definitions of joint production, as well as the way they relate to the real world. For M...
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| Format: | Article |
| Language: | English |
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Pluto Journals
2023-03-01
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| Series: | World Review of Political Economy |
| Online Access: | https://www.scienceopen.com/hosted-document?doi=10.13169/worlrevipoliecon.14.1.0063 |