IDEAS home Printed from https://ideas.repec.org/a/oup/qjecon/v100y1985i4p1257-1292..html
   My bibliography  Save this article

Competitive Value when Only Labor is Scarce

Author

Listed:
  • Robert L. Bishop

Abstract

Even when only labor is scarce, the validity of a labor theory of value depends on reducing all labor to a homogeneous equivalent. The various implicit or explicit efforts of Smith, Ricardo, and Marx to do so are shown to fail on more counts than previously recognized. The labor theory is also shown to fail when laborers are not indifferent among alternative occupations.

Suggested Citation

  • Robert L. Bishop, 1985. "Competitive Value when Only Labor is Scarce," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 100(4), pages 1257-1292.
    • Handle: RePEc:oup:qjecon:v:100:y:1985:i:4:p:1257-1292.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2307/1885683
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Guido Erreygers, 1994. "Heterogeneous Labour, Scarcity And Choice Of Techniques," Metroeconomica, Wiley Blackwell, vol. 45(1), pages 47-66, February.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:qjecon:v:100:y:1985:i:4:p:1257-1292.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/qje .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.