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The measurement of labour content: a general approach

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  • 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.

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File URL: http://hermes-ir.lib.hit-u.ac.jp/rs/bitstream/10086/25794/1/070ccesDP_47.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 47.

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

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

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  1. Roemer, John E, 1979. "Continuing Controversy on the Falling Rate of Profit: Fixed Capital and Other Issues," Cambridge Journal of Economics, Oxford University Press, vol. 3(4), pages 379-98, December.
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  3. Peter Flaschel & Reiner Franke & Roberto Veneziani, 2013. "Labour productivity and the law of decreasing labour content," Cambridge Journal of Economics, Oxford University Press, vol. 37(2), pages 379-402.
  4. Yoshihara, Naoki & Veneziani, Roberto, 2009. "Commodity Content in a General Input-Output Model: A Comment," Discussion Paper Series a522, Institute of Economic Research, Hitotsubashi University.
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  6. Veneziani, Roberto, 2008. "Exploitation, inequality, and power," MPRA Paper 30288, University Library of Munich, Germany.
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  8. Yoshihara, N., 1996. "Wealth, Exploitation and Labor Discipline in the Contemporary Capitalist Economy," ISER Discussion Paper 0405, Institute of Social and Economic Research, Osaka University.
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  10. Veneziani, Roberto & Yoshihara, Naoki, 2011. "Exploitation of Labour and Exploitation of Commodities: a “New Interpretation”," MPRA Paper 34650, University Library of Munich, Germany.
  11. Veneziani, Roberto, 2007. "Exploitation and time," Journal of Economic Theory, Elsevier, vol. 132(1), pages 189-207, January.
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  15. Yoshihara, Naoki, 2007. "Class and Exploitation in General Convex Cone Economies," Discussion Paper Series a489, Institute of Economic Research, Hitotsubashi University.
  16. Lavoie, Marc, 1997. "Pasinetti's Vertically Hyper-integrated Sectors and Natural Prices," Cambridge Journal of Economics, Oxford University Press, vol. 21(4), pages 453-67, July.
  17. 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.
  18. Pasinetti, Luigi L, 1988. "Growing Subsystems, Vertically Hyper-integrated Sectors and the Labour Theory of Value," Cambridge Journal of Economics, Oxford University Press, vol. 12(1), pages 125-34, March.
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  23. Veneziani, Roberto & Yoshihara, Naoki, 2013. "Exploitation in Economies with Heterogeneous Preferences, Skills and Assets: An Axiomatic Approach," Discussion Paper Series 579, Institute of Economic Research, Hitotsubashi University.
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