Advanced Search
MyIDEAS: Login to save this paper or follow this series

The measurement of labour content: a general approach

Contents:

Author Info

  • Yoshihara, Naoki
  • Veneziani, Veneziani

Abstract

This paper analyses the theoretical issues related to the measurement of labour content in the context of general technologies with heterogeneous labour. A novel axiomatic framework is used in order to formulate the key properties of the notion of labour content and analyse its theoretical foundations. Then, a simple measure of labour content is uniquely characterised, which is consistent with common practice in input-output analysis and with a number of recent approaches in value theory.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://hermes-ir.lib.hit-u.ac.jp/rs/bitstream/10086/25794/1/070ccesDP_47.pdf
Download Restriction: no

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 47.

as in new window
Length: 32 p.
Date of creation: May 2013
Date of revision:
Handle: RePEc:hit:ccesdp:47

Contact details of provider:
Postal: 2-1 Naka, Kunitachi City, Tokyo 186-8601
Phone: +81-42-580-8000
Web page: http://www.econ.hit-u.ac.jp/~cces/
More information through EDIRC

Related research

Keywords: labour content; labour productivity; technical change; axiomatic analysis;

Other versions of this item:

Find related papers by JEL classification:

This paper has been announced in the following NEP Reports:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Yoshihara, Naoki, 2010. "Class and exploitation in general convex cone economies," Journal of Economic Behavior & Organization, Elsevier, Elsevier, vol. 75(2), pages 281-296, August.
  2. Pasinetti, Luigi L, 1988. "Growing Subsystems, Vertically Hyper-integrated Sectors and the Labour Theory of Value," Cambridge Journal of Economics, Oxford University Press, Oxford University Press, vol. 12(1), pages 125-34, March.
  3. Andrew B. Trigg & Jochen Hartwig, 2010. "Marx's reproduction schemes and the Keynesian multiplier: a reply to Sardoni," Cambridge Journal of Economics, Oxford University Press, Oxford University Press, vol. 34(3), pages 591-595.
  4. Veneziani, Roberto, 2008. "Exploitation, inequality, and power," MPRA Paper 30288, University Library of Munich, Germany.
  5. Veneziani, Roberto & Yoshihara, Naoki, 2013. "Exploitation in Economies with Heterogeneous Preferences, Skills and Assets: An Axiomatic Approach," Discussion Paper Series, Institute of Economic Research, Hitotsubashi University 579, Institute of Economic Research, Hitotsubashi University.
  6. Mariotti, Marco & Veneziani, Roberto, 2012. "Allocating chances of success in finite and infinite societies: The utilitarian criterion," Journal of Mathematical Economics, Elsevier, vol. 48(4), pages 226-236.
  7. John E. Roemer, 2010. "Kantian Equilibrium," Scandinavian Journal of Economics, Wiley Blackwell, Wiley Blackwell, vol. 112(1), pages 1-24, 03.
  8. Naoki Yoshihara, 1998. "Wealth, Exploitation and Labor Discipline in the Contemporary Capitalist Economy," Metroeconomica, Wiley Blackwell, Wiley Blackwell, vol. 49(1), pages 23-61, 02.
  9. Yoshihara, Naoki & Roberto Veneziani, 2011. "Exploitation of Labour and Exploitation of Commodities: A "New Interpretation"," Discussion Paper Series, Institute of Economic Research, Hitotsubashi University 556, Institute of Economic Research, Hitotsubashi University.
  10. Naoki Yoshihara & Roberto Veneziani, 2010. "Commodity Content In A General Input-Output Model: A Comment," Metroeconomica, Wiley Blackwell, Wiley Blackwell, vol. 61(4), pages 740-748, November.
  11. Roemer, John E, 1979. "Continuing Controversy on the Falling Rate of Profit: Fixed Capital and Other Issues," Cambridge Journal of Economics, Oxford University Press, Oxford University Press, vol. 3(4), pages 379-98, December.
  12. Lavoie, M, 1995. "Pasinett's Vertically Hyper-Integrated Sectors and Natural Prices," Working Papers, University of Ottawa, Department of Economics 9515e, University of Ottawa, Department of Economics.
  13. Simon Mohun, 2004. "The Labour Theory of Value as Foundation for Empirical Investigations," Metroeconomica, Wiley Blackwell, Wiley Blackwell, vol. 55(1), pages 65-95, 02.
  14. Kurz,Heinz D. & Salvadori,Neri, 1995. "Theory of Production," Cambridge Books, Cambridge University Press, Cambridge University Press, number 9780521443258.
  15. Gupta, S & Steedman, Ian, 1971. "An Input-Output Study of Labour Productivity in the British Economy," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 33(1), pages 21-34, February.
  16. Flaschel, Peter, 1983. "Actual Labor Values in a General Model of Production," Econometrica, Econometric Society, Econometric Society, vol. 51(2), pages 435-54, March.
  17. Desai, Meghnad, 1988. " The Transformation Problem," Journal of Economic Surveys, Wiley Blackwell, Wiley Blackwell, vol. 2(4), pages 295-333.
  18. Veneziani, Roberto, 2007. "Exploitation and time," Journal of Economic Theory, Elsevier, Elsevier, vol. 132(1), pages 189-207, January.
  19. Howell, David R. & Wolff, Edward N., 1987. "Labor Quality and Productivity Growth in the U.S.: An Input-Output Growth Accounting Framework," Working Papers, C.V. Starr Center for Applied Economics, New York University 87-11, C.V. Starr Center for Applied Economics, New York University.
  20. Peter Flaschel, Reiner Franke and Roberto Veneziani, 2010. "Labor Productivity and the Law of Decreasing Labor Content," UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics 2010-11, University of Massachusetts Amherst, Department of Economics.
  21. repec:fth:harver:1487 is not listed on IDEAS
  22. Mitra, Tapan & Ozbek, Mahmut Kemal, 2010. "On Representation and Weighted Utilitarian Representation of Preference Orders on Finite Utility Streams," Working Papers 10-05, Cornell University, Center for Analytic Economics.
  23. Krause, Ulrich, 1981. "Heterogeneous Labour and the Fundamental Marxian Theorem," Review of Economic Studies, Wiley Blackwell, Wiley Blackwell, vol. 48(1), pages 173-78, January.
  24. Gérard Duménil & Duncan Foley & Dominique Lévy, 2009. "A Note On The Formal Treatment Of Exploitation In A Model With Heterogenous Labor," Metroeconomica, Wiley Blackwell, Wiley Blackwell, vol. 60(3), pages 560-567, 07.
Full references (including those not matched with items on IDEAS)

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:hit:ccesdp:47. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Digital Resources Section, Hitotsubashi University Library).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.