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Towards a Political Economy of the Hunters and Gatherers: A Study in Historical Materialism

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Author Info
Hagendorf, Klaus

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Abstract

This paper uses the mode of production of the hunter-gatherers as a background to explain basic economic concepts, in particular the meaning of the labour theory of value and it's relationship to optimization of resources. A proof of the marginal value theorem is presented. A new term is introduced to designate labour surplus value, roundabout labour. The analytical expression for socially necessary labour is derived and Adam Smith's paradox between labour value and the adding-up theorem of wages, rent and profit, is resolved. It is shown that far from being limited to the ancient form of society of the hunter-gatherers the labour theory of value holds also in modern times.

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File URL: http://mpra.ub.uni-muenchen.de/17339/
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 17339.

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Date of creation: May 2009
Date of revision: 15 Sep 2009
Handle: RePEc:pra:mprapa:17339

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Related research
Keywords: historical materialism; labour theory of value; Marxian economics; roundabout labour; Adam Smith; surplus labour; hunter-gatherer society; marginal value theorem; evolutionary ecology; modes of production; productive forces;

Find related papers by JEL classification:
D46 - Microeconomics - - Market Structure and Pricing - - - Value Theory
B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist
Z10 - Other Special Topics - - Cultural Economics - - - General
D20 - Microeconomics - - Production and Organizations - - - General
D24 - Microeconomics - - Production and Organizations - - - Production; Capital and Total Factor Productivity; Capacity
Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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This page was last updated on 2009-11-28.

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