Corvinus
Corvinus

Heterogeneous labour and the determination of value

Zalai, Ernő (1980) Heterogeneous labour and the determination of value. Acta Oeconomica, 25 (3-4). pp. 259-276.

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Abstract

Heterogeneity of labour and its implications for the Marxian theory of value has been one of the most controversial issues in the literature of the Marxist political economy. The adoption of Marx's conjecture about a uniform rate of surplus value leads to a simultaneous determination of the values of common and labour commodities of different types and the uniform rate of surplus value. Determination of these variables can be formally represented as a parametric cigenvalue problem. Morishima's and Bródy's earlier results are analysed and given new interpretations in the light of the suggested procedure. The main questions are addressed in a more general context too. The analysis is extended to the problem of segmented labour market, as well.

Item Type:Article
Subjects:Economics
ID Code:2158
Deposited By: Ádám Hoffmann
Deposited On:27 Nov 2015 12:59
Last Modified:27 Nov 2015 12:59

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