Title: Some Analyses of Marx's Basic Proposition of Value-Determination
Abstract: According to Marx's labor theory of value and correlated concepts, the present paper discusses the fundamental principle of Marx's theory of value-determination by the method of mathematical and quantitative analyses, and demonstrates such principles as that the gross value of department has nothing to do with productivity, an individual commodity's value is in inverse proportion to productivity, and the gross value of an individual producer is in direct proportion to productivity. Then the author arrives at a conclusion that multiple elements altogether take part in determining the value of one individual commodity.
Publication Year: 2001
Publication Date: 2001-01-01
Language: en
Type: article
Access and Citation
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot