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Commodity Content In A General Input-Output Model

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  • Takao Fujimoto
  • Arrigo Opocher

Abstract

This technical paper provides a definition of 'commodity content' in extended von Neumann-Morishima models of production. Our definition admits as special cases the classical definition of 'labour values' in Leontief models, as well as Morishima's definition of 'optimal values' in a von Neumann model. Proper joint production, heterogeneous labour, durable consumption goods, household activities and disposal processes are all allowed for. We also propose a tentative mathematical criterion for defining bads and for distinguishing between unskilled and skilled labour. Copyright � 2009 Blackwell Publishing Ltd.

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Bibliographic Info

Article provided by Wiley Blackwell in its journal Metroeconomica.

Volume (Year): 61 (2010)
Issue (Month): 3 (07)
Pages: 442-453

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Handle: RePEc:bla:metroe:v:61:y:2010:i:3:p:442-453

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Cited by:
  1. Veneziani, Roberto & Yoshihara, Naoki, 2009. "Strong Subjectivism in the Marxian Theory of Exploitation: A Critique," CCES Discussion Paper Series 21, Center for Research on Contemporary Economic Systems, Graduate School of Economics, Hitotsubashi University.
  2. Roberto Veneziani & Naoki Yoshihara, 2010. "Exploitation and Profits: A General Axiomatic Approach in Convex Economies with Heterogeneous Agents," UMASS Amherst Economics Working Papers 2010-12, University of Massachusetts Amherst, Department of Economics.
  3. Yoshihara, Naoki & Roberto Veneziani, 2011. "Exploitation of Labour and Exploitation of Commodities: A "New Interpretation"," Discussion Paper Series 556, Institute of Economic Research, Hitotsubashi University.
  4. Veneziani, Roberto & Yoshihara, Naoki, 2009. "Exploitation and productiveness: the generalised commodity exploitation theorem once again," MPRA Paper 30450, University Library of Munich, Germany.

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