PROOF OF LABOR THEORY OF VALUE BASED ON MARGINALIST PRINCIPLE.

Because anti-Marxist's criticism against Fundamental Marxian Theorem (FMT) is based on an assertion that this proof can be understood as a "natural-resources exploitation," if we assume, for example, "natural-resources theory of value," we should prove not only exploitation but also labor theory of...

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Publicado en:World Review of Political Economy Vol. 10; no. 1; pp. 85 - 95
Autor principal: Hiroshi Onishi
Formato: Artículo
Publicado: Pluto Journals Spring2019
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        10.13169/worlrevipoliecon.10.1.0085
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        atl: PROOF OF LABOR THEORY OF VALUE BASED ON MARGINALIST PRINCIPLE.
      aug:
        au: Hiroshi Onishi
        affil: Professor at Keio University, and a Professor Emeritus of Kyoto University
      su:
        Labor theory of value
        Labor process
        Proof theory
        Process optimization
      sug:
        subj:
          Labor theory of value
          Labor process
          Proof theory
          Process optimization
      keyword:
        constant return to labor
        Fundamental Marxian Theorem
        labor theory of value
        machine-based production system
        marginalist principle
        constant return to labor
        Fundamental Marxian Theorem
        labor theory of value
        machine-based production system
        marginalist principle
      ab: Because anti-Marxist's criticism against Fundamental Marxian Theorem (FMT) is based on an assertion that this proof can be understood as a "natural-resources exploitation," if we assume, for example, "natural-resources theory of value," we should prove not only exploitation but also labor theory of value itself. Therefore, this article aims to prove labor theory of value mathematically by focusing on the historically conditional proportionality between labor input and amounts of products which is assumed in labor theory of value. By this proof of the conditional proportionality, we show that marginalist principle does not disturb labor theory of value in capitalism at all. Furthermore, marginalist principle is important to show the labor process as a subjective optimization process which is not by the sun but only by human beings. In this way, we use anti-Marxist's marginal principle to object anti-Marxist criticism against labor theory of value.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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