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Some remarks on a paper of Nils Fröhlic on labour value theory

Author

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  • Gräbe, Hans-Gert

Abstract

This note contains some remarks about a generalized theoretical framework for a labour value theory that allows to deduce the different settings considered in Fröhlich's paper for empirical validation from a unified point of view. The formulation strongly suggests that profit rates can be interpreted as labour values for the organisational part of production. Profit rate formation suggests that this part is not measured by a time measure, a suspicion already expressed by Marx in the Grundrisse about labour value formation in a situation dominated by applications of the “general intellect”.

Suggested Citation

  • Gräbe, Hans-Gert, 2012. "Some remarks on a paper of Nils Fröhlic on labour value theory," MPRA Paper 89033, University Library of Munich, Germany, revised 2012.
    • Handle: RePEc:pra:mprapa:89033
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    File URL: https://mpra.ub.uni-muenchen.de/89033/7/MPRA_paper_89033.pdf
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    References listed on IDEAS

    as
    1. Quaas, Georg, 2007. "Das Saldenmechanische Modell von Fritz Helmedag und die Empirie," Wirtschaftsdienst – Zeitschrift für Wirtschaftspolitik (1949 - 2007), ZBW - Leibniz Information Centre for Economics, vol. 87(6), pages 406-412.
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    More about this item

    Keywords

    labour value theory; labour value coefficients;

    JEL classification:

    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models

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