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Productive Labour, Price/Value Ratio and Rate of Surplus Value: Theoretical Viewpoints and Empirical Evidence


  • Gouverneur, Jacques


Productive labor is defined in the sense of indirect social labor, which includes circulation and supervisory labor as well. The calculation of the macroeconomic price/value ratio provides an easy method to arrive at theoretically correct estimates of the rate of surplus labor at macro or micro levels and to study the evolution of total labor productivity (here in the wage-good sector). The level and general tendencies of the macroeconomic rate of surplus value appear to be fairly similar in EEC countries over the period 1970-86, while productivity increases are much more important in the latter. Copyright 1990 by Oxford University Press.

Suggested Citation

  • Gouverneur, Jacques, 1990. "Productive Labour, Price/Value Ratio and Rate of Surplus Value: Theoretical Viewpoints and Empirical Evidence," Cambridge Journal of Economics, Oxford University Press, vol. 14(1), pages 1-27, March.
  • Handle: RePEc:oup:cambje:v:14:y:1990:i:1:p:1-27

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    References listed on IDEAS

    1. Leopold Simar & Paul Wilson, 2000. "A general methodology for bootstrapping in non-parametric frontier models," Journal of Applied Statistics, Taylor & Francis Journals, vol. 27(6), pages 779-802.
    2. Friedman, Joseph & Silberman, Jonathan, 2003. "University Technology Transfer: Do Incentives, Management, and Location Matter?," The Journal of Technology Transfer, Springer, vol. 28(1), pages 17-30, January.
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    4. Chapple, Wendy & Lockett, Andy & Siegel, Donald & Wright, Mike, 2005. "Assessing the relative performance of U.K. university technology transfer offices: parametric and non-parametric evidence," Research Policy, Elsevier, vol. 34(3), pages 369-384, April.
    5. Donald S. Siegel & Reinhilde Veugelers & Mike Wright, 2007. "Technology transfer offices and commercialization of university intellectual property: performance and policy implications," Oxford Review of Economic Policy, Oxford University Press, vol. 23(4), pages 640-660, Winter.
    6. Mowery, David C. & Nelson, Richard R. & Sampat, Bhaven N. & Ziedonis, Arvids A., 2001. "The growth of patenting and licensing by U.S. universities: an assessment of the effects of the Bayh-Dole act of 1980," Research Policy, Elsevier, vol. 30(1), pages 99-119, January.
    7. Siegel, Donald S. & Waldman, David & Link, Albert, 2003. "Assessing the impact of organizational practices on the relative productivity of university technology transfer offices: an exploratory study," Research Policy, Elsevier, vol. 32(1), pages 27-48, January.
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    Cited by:

    1. Juan Carlos Cuestas & Bruce Philp, 2012. "Economic class and the distribution of income: a time-series analysis of the UK economy, 1955--2010," International Review of Applied Economics, Taylor & Francis Journals, vol. 26(5), pages 565-578, October.
    2. Sergio Cámara Izquierdo, 2003. "La rentabilidad del capital en España," Revista de Economía Crítica, Asociación de Economía Crítica, vol. 1, pages 201-228.
    3. Juan Carlos Cuestas & Bruce Philp, 2010. "Exploitation and the class struggle," Working Papers 2010/2, Nottingham Trent University, Nottingham Business School, Economics Division.

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