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Commodity Content In A General Input-Output Model: A Comment

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  • Naoki Yoshihara
  • Roberto Veneziani

Abstract

This paper critically analyses the approach to the determination of values, or commodity contents, developed by Fujimoto and Opocher in 2009. Even setting aside various problematic definitional issues, the broader implications of the approach for classical theory are unclear. First, the value-theoretic definitions of skill differentials and bads capture at best necessary conditions and it is unlikely that such definitions can be provided by focusing only on the technological data of the economy. Second, the approach has various interesting implications concerning the relation between productiveness and exploitation that directly contradict some of the authors' claims. Copyright � 2010 The Authors. Journal compilation � 2010 Blackwell Publishing Ltd.

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Bibliographic Info

Article provided by Wiley Blackwell in its journal Metroeconomica.

Volume (Year): 61 (2010)
Issue (Month): 4 (November)
Pages: 740-748

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Handle: RePEc:bla:metroe:v:61:y:2010:i:4:p:740-748

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Cited by:
  1. Yoshihara, Naoki & Veneziani, Veneziani, 2013. "The measurement of labour content: a general approach," CCES Discussion Paper Series 47, Center for Research on Contemporary Economic Systems, Graduate School of Economics, Hitotsubashi University.
  2. Veneziani, Roberto & Yoshihara, Naoki, 2009. "Exploitation and productiveness: the generalised commodity exploitation theorem once again," MPRA Paper 30450, University Library of Munich, Germany.
  3. Veneziani, Roberto & Yoshihara, Naoki, 2011. "Exploitation of Labour and Exploitation of Commodities: a “New Interpretation”," MPRA Paper 34650, University Library of Munich, Germany.

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