Tuesday , September 21 2021
Home / Post-Keynesian / What Is Socially Necessary Abstract Labor Time?

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

Topics:
Robert Vienneau considers the following as important:

This could be interesting, too:

Robert Vienneau writes The Four Circuits Of Capital

Robert Vienneau writes Ben Franklin, Proto Marxist

Sandwichman writes Socially Ambivalent Labour Time VIII: Capital, volume one, chapters 6, 7 & 8

Robert Vienneau writes Some Difficulties In Reading Marx

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

Leave a Reply

Your email address will not be published. Required fields are marked *