Arbeitswerte und die Theorie der Unternehmung. Teil I: Die Unternehmung unter vollständiger Konkurrenz
[Labour Values and the Theory of the Firm. Part I: The Competitive Firm]
AbstractThis paper is the first part of a Marxian critique of the theory of the firm focusing on the analysis of labour values. Starting from Adam Smith's example of the deer hunter, marginal analysis is introduced culminating in the derivation of the Labour Value Function as the supply curve of the competitive firm in terms of labour values. The analysis is based on a new definition of labour value which is Marxian in spirit and respects modern mathematical optimization methods not found in Marx and offers a further development and coherent interpretation of Marx's value theory. The analysis is limited to the case of the competitive firm.
Download InfoIf 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.
Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 18501.
Date of creation: 09 Nov 2009
Date of revision:
Marxian economics; labour theory of value; value theory; marginal analysis; microeconomics; theory of the firm; marginal cost; labour value function; supply function; Adam Smith;
Find related papers by JEL classification:
- B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
- D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
- D46 - Microeconomics - - Market Structure and Pricing - - - Value Theory
- B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist
- A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
- D41 - Microeconomics - - Market Structure and Pricing - - - Perfect Competition
- B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-11-14 (All new papers)
- NEP-GER-2009-11-14 (German Papers)
- NEP-HPE-2009-11-14 (History & Philosophy of Economics)
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral 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: (Ekkehart Schlicht).
If references are entirely missing, you can add them using this form.