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Estimating Sectoral Rates Of Surplus Value: Methodological Issues

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  • Dong‐Min Rieu

Abstract

The ‘New Interpretation’ (NI) argues that Marxian value categories can be measured using price variables through the concept of monetary expression of labour time (MELT). Starting from the central insight of the NI, this paper focuses on the estimation of sectoral rates of surplus value. It will be suggested that the MELT is decomposed into two concepts, ‘value expression of labour time’ and ‘monetary expression of value’. As a result of this theoretically general consideration, the NI will be critically examined.

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  • Dong‐Min Rieu, 2008. "Estimating Sectoral Rates Of Surplus Value: Methodological Issues," Metroeconomica, Wiley Blackwell, vol. 59(4), pages 557-573, November.
    • Handle: RePEc:bla:metroe:v:59:y:2008:i:4:p:557-573
    DOI: 10.1111/j.1467-999X.2008.00322.x
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    References listed on IDEAS

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    8. Makoto Itoh, 2005. "The New Interpretation and the Value of Money," Palgrave Macmillan Books, in: Fred Moseley (ed.), Marx’s Theory of Money, chapter 11, pages 177-191, Palgrave Macmillan.
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    Cited by:

    1. Jonathan F Cogliano, 2023. "Marx’s equalised rate of exploitation," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 47(1), pages 133-169.
    2. Andrea Ricci, 2016. "Unequal Exchange in International Trade:A General Model," Working Papers 1605, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2016.
    3. Cavalieri, Duccio, 2013. "A theory of capital as value in progress," MPRA Paper 47197, University Library of Munich, Germany.
    4. Dong–Min Rieu & Hyun Woong Park, 2018. "Unproductive Activities and the Rate of Surplus Value at the Industry Level in Korea, 1995–2015," UMASS Amherst Economics Working Papers 2018-07, University of Massachusetts Amherst, Department of Economics.
    5. Hiroshi Onishi, 2015. "Non-Western Marxist Traditions in Northeast Asia," Keio-IES Discussion Paper Series 2015-001, Institute for Economics Studies, Keio University.
    6. Andrea Ricci, 2016. "Metamorphoses of Value.The Concept of a Commodity in Marx’s Capital," Working Papers 1609, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2016.
    7. Ferran Sancho, 2023. "The surplus-value rate and the structure of the tax system," UFAE and IAE Working Papers 969.23, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
    8. Jonathan F. Cogliano, 2011. "Smith’s “Perfect Liberty” and Marx’s Equalized Rate of Surplus-Value," Working Papers 1108, New School for Social Research, Department of Economics.
    9. Hyun Woong Park & Dong-Min Rieu, 2020. "A Mathematical Formulation of the Dual Nature of Unproductive Labor," Review of Radical Political Economics, Union for Radical Political Economics, vol. 52(4), pages 716-738, December.

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