ABOUT THE LAW OF VALUE AND VALUE NOTIONS OF CAPITALISM
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ABOUT THE LAW OF VALUE AND VALUE NOTIONS OF CAPITALISM
Annotation
PII
S0207-36760000495-3-1
Publication type
Article
Status
Published
Edition
Pages
37-47
Abstract
This paper is aimed to restore the initial notion of labour value theory rejected by neoclassics and narrow minded by certain supporters of this theory. The article deals with the mechanism forming the market value that result in economizing work and with the functioning of production price which forms average profit rate for invested capital. The using of labour value theory in order to comprehend the nature of surplus value and the way of its production and distribution is also grounded.
Keywords
value, law of value, production price, surplus value, economizing of work
Date of publication
01.05.2011
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358
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