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Testing Marx with Input Output Tables

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Author Info
W. P. Cockshott (University of Glasgow)
A. Cottrell (Wake Forest University)
G. Michaelson (Heriot Watt University)

Additional information is available for the following registered author(s):

Abstract

The paper describes an attempt to use the British Input Output tables and other computer readable British Economic statistics to test hypotheses about the labour theory of value. Inversion of the I/O matrices is used to obtain estimates of values for commodity groups and the correlations between these and prices are computed. The results show a very high level of correlation between values and prices.

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File URL: http://129.3.20.41/eps/mhet/papers/0406/0406002.pdf
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Publisher Info
Paper provided by EconWPA in its series Method and Hist of Econ Thought with number 0406002.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length: 19 pages
Date of creation: 07 Jun 2004
Date of revision:
Handle: RePEc:wpa:wuwpmh:0406002

Note: Type of Document - pdf; pages: 19
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Web page: http://129.3.20.41

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Related research
Keywords: labour theory of value; Marx; Ricardo;

Find related papers by JEL classification:
B - Schools of Economic Thought and Methodology

This paper has been announced in the following NEP Reports:

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This page was last updated on 2009-11-19.

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