Labour time versus alternative value bases: A research note

被引：32

作者：

Cockshott, WP ^{[1
]}

Cottrell, AF ^{[1
]}

机构：

[1] WAKE FOREST UNIV,DEPT ECON,WINSTON SALEM,NC 27109

来源：

CAMBRIDGE JOURNAL OF ECONOMICS | 1997年 / 21卷 / 04期

关键词：

D O I：

10.1093/oxfordjournals.cje.a013685

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper provides empirical support for the 'law of value', understood as the proposition that embodied labour time is conserved in exchanges of commodities. Market prices are well correlated with the sum of direct and indirect labour content. Is it possible to produce equally good correlations by taking the sum of direct and indirect x-content, where x is some input other than labour time? We repeat the analysis for electricity, iron and steel, and oil and show that the answer is no. The high correlations in the case of labour time are, therefore, not a statistical artefact.

引用

页码：545 / 549

页数：5

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