• Corpus ID: 18097432

Testing the Labour Theory of Value: An Exchange

  title={Testing the Labour Theory of Value: An Exchange},
  author={Paul Cockshott and Shimshon Bichler and Jonathan Nitzan},
Political economists have been testing the empirical validity of Marx's labour theory of value for several decades now. Do these tests corroborate the theory? Do they actually test it? Can they test it? 

Defence of empirical evidence , reply to Shimshon Bichler and Jonathan

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

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  • E. Wolff
  • Economics
    Journal of Political Economy
  • 1975
Puerto Rico's transformation from a preindustrial to an industralized economy in the period 1948-63 provides an opportunity to measure the impact of technological change on several basic parameters

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Acknowledgements 1. The argument 2. The doctrine of necessity 3. Public amateurs, secret bureaucrats 4. Bureaux 5. The sweet despotism of reason 6. The quantum of sickness 7. The granary of science