• Corpus ID: 17939778

Defence of empirical evidence , reply to Shimshon Bichler and Jonathan

  title={Defence of empirical evidence , reply to Shimshon Bichler and Jonathan},
  author={Nitzan and Paul Cockshott and Allin Cottrell and Alejandro Valle Baeza},
1. That the empirical studies do not use labour time to estimate labour content but instead use monetary data from the input output tables. They claim that the evidence for the labour theory of value is thus an artefact of circular reasoning. Those of us who have published evidence for close correlations between labour values and prices are guilty of circular reasoning since we presume what we must show: that it is possible to work backwards from money to labour time. 



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Labour value and equalisation of prot rates

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