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Commodity Content in a General Input-Output Model: A Comment

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  • Yoshihara, Naoki
  • Veneziani, Roberto

Abstract

This paper critically analyses the approach to the determination of values, or commodity contents, developed by Fujimoto and Opocher (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 productivity and exploitation that directly contradict some of the authors’claims.

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File URL: http://hermes-ir.lib.hit-u.ac.jp/rs/bitstream/10086/17852/1/070ccesDP_22.pdf
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Bibliographic Info

Paper provided by Center for Research on Contemporary Economic Systems, Graduate School of Economics, Hitotsubashi University in its series CCES Discussion Paper Series with number 22.

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Length: 10 p.
Date of creation: Nov 2009
Date of revision:
Handle: RePEc:hit:ccesdp:22

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Keywords: Value; Bads; Skilled and Unskilled Labour; Productivity and Exploitation;

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Cited by:
  1. Yoshihara, Naoki & Veneziani, Roberto, 2013. "The Measurement of Labour Content: A General Approach," Discussion Paper Series 587, Institute of Economic Research, Hitotsubashi University.
  2. Veneziani, Roberto & Yoshihara, Naoki, 2011. "Exploitation of Labour and Exploitation of Commodities: a “New Interpretation”," MPRA Paper 34650, University Library of Munich, Germany.
  3. Veneziani, Roberto & Yoshihara, Naoki, 2011. "Exploitation and Productiveness: The Generalised Commodity Exploitation Theorem Once Again," Discussion Paper Series 550, Institute of Economic Research, Hitotsubashi University.

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