Peter Cooper — On Estimating the Monetary Expression of Labor Time in a Temporal Framework

Summary:
When Marx’s theory of value is interpreted in a simultaneist way, it is relatively easy to calculate the ‘monetary expression of labor time’ (or MELT)....  There is an additional complication when it comes to measuring the temporal MELT. The temporal MELT is the appropriate measure if Marx’s theory of value is interpreted in a temporal way (as in the ‘temporal single-system interpretation’ or TSSI).... Wonkish. heteconomistOn Estimating the Monetary Expression of Labor Time in a Temporal FrameworkPeter Cooper

Topics:
Mike Norman considers the following as important: Labor Theory of Value, Marxian Economics, Marxist economics, Marx’s theory of value, MELT

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