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The Measurement of Labour Content: A General Approach

Author

Listed:
  • Naoki Yoshihara

    (Hitotsubashi University, Tokyo)

  • Roberto Veneziani

    (Queen Mary, University of London)

Abstract

This paper analyses the theoretical issues related to the measurement of labour content in the context of general technologies with heterogeneous labour. A novel axiomatic framework is used in order to formulate the key properties of the notion of labour content and analyse its theoretical foundations. Then, a simple measure of labour content is uniquely characterised, which is consistent with common practice in input-output analysis and with a number of recent approaches in value theory.

Suggested Citation

  • Naoki Yoshihara & Roberto Veneziani, 2013. "The Measurement of Labour Content: A General Approach," Working Papers 704, Queen Mary University of London, School of Economics and Finance.
    • Handle: RePEc:qmw:qmwecw:704
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    File URL: https://www.qmul.ac.uk/sef/media/econ/research/workingpapers/2013/items/wp704.pdf
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    Cited by:

    1. Yoshihara, Naoki, 2014. "A Progressive Report on Marxian Economic Theory: On the Controversies in Exploitation Theory since Okishio (1963)," Discussion Paper Series 607, Institute of Economic Research, Hitotsubashi University.
    2. Veneziani, Roberto & Yoshihara, Naoki, 2014. "One million miles to go: taking the axiomatic road to defining exploitation," UMASS Amherst Economics Working Papers 2014-10, University of Massachusetts Amherst, Department of Economics.
    3. Tapan Mitra & Kemal Ozbek, 2021. "Ranking by weighted sum," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 72(2), pages 511-532, September.

    More about this item

    Keywords

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    JEL classification:

    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • D46 - Microeconomics - - Market Structure, Pricing, and Design - - - Value Theory

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