Tag Archives: Labor Theory of Value

Robert Vienneau has a question for Marxists/Marxians/Marx scholars.Thoughts On EconomicsLabor Values Taken As GivenRobert Vienneau

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...

[embedded content] Robert Paul Wolff always worth. Should read his Understanding Marx. He surprisingly says that Analytical Marxism has taken over Marxism. To get to Marxism he had to learn economics, the classical political economy of the Ricardian kind, and learn linear algebra. Hegelianism was not really central to the message (in my view, but he does say he hates Hegel). Labor Theory of Value explained, but he does not discuss Piero Sraffa's contributions directly here. There is no way...