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What Is Socially Necessary Abstract Labor Time?

Summary:
To me, this is an easy question. SNALT, for a capitalist economy, is: L = a0 (I - A)-1y The notation is from Luigi Pasinetti's Lectures on the Theory of Production. The idea can be empirically applied with data from national income and product accounts (NIPAs), using techniques explained in, for example, Ronald Miller and Peter Blair's Input-Output Analysis

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To me, this is an easy question. SNALT, for a capitalist economy, is:

L = a0 (I - A)-1y

The notation is from Luigi Pasinetti's Lectures on the Theory of Production. The idea can be empirically applied with data from national income and product accounts (NIPAs), using techniques explained in, for example, Ronald Miller and Peter Blair's Input-Output Analysis

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