As várias dimensões da lei do valor [The various dimensions of the law of value]
This article intends to demonstrate that the law of value can be understood based on three successive versions, through which it becomes progressively more complex. The least complex law is the law of value determined by years worked. The second version is the law of social work distribution (which may also be interpreted as the law of equilibrium in the distribution of social work). Examination of the impact of intrasectorial competition among capitals in the capitalist economy leads to the third version of the law of value, the law of minimization of abstract work time. In this manner, the law of value is a dynamic law which forms the basis for general laws of capitalist economy development. Finally, in the international scene, the law of value is presented as the law of high-profit generation and of the widening of inequality.
Volume (Year): 14 (2004)
Issue (Month): 3 (September-December)
|Contact details of provider:|| Postal: |
Phone: +55 31 3409-7000
Web page: http://www.face.ufmg.br/
More information through EDIRC
|Order Information:|| Postal: Av. Antonio Carlos, 6627 - Predio da FACE Belo Horizonte, 31270-901 Brazil|
Web: http://www.face.ufmg.br/novaeconomia/ Email:
When requesting a correction, please mention this item's handle: RePEc:nov:artigo:v:14:y:2004:i:3:p:143-158. 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: (Sibelle Diniz)The email address of this maintainer does not seem to be valid anymore. Please ask Sibelle Diniz to update the entry or send us the correct address
If references are entirely missing, you can add them using this form.