A Mathematical Approach to Marxian Value Theory: Time, Money, and Labor Productivity

Author:   Dong-Min Rieu
Publisher:   Springer International Publishing AG
Edition:   1st ed. 2022
ISBN:  

9783031078071


Pages:   230
Publication Date:   22 July 2022
Format:   Hardback
Availability:   Manufactured on demand   Availability explained
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A Mathematical Approach to Marxian Value Theory: Time, Money, and Labor Productivity


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Overview

This book clarifies the quantitative relationship between time, money, and labor productivity from the perspective of Marxian labor theory of value. The book is divided into four main parts. Part I introduces the relationship between time and money in the context of Marxian value theory. Part II explores the theory of labor exploitation. Part III turns to analysis of the rate of profit, which is a primary characteristic of classical and Marxian economics. Part IV is devoted to suggesting a new research direction in light of the main conceptual innovation of the book.

Full Product Details

Author:   Dong-Min Rieu
Publisher:   Springer International Publishing AG
Imprint:   Palgrave Macmillan
Edition:   1st ed. 2022
Weight:   0.462kg
ISBN:  

9783031078071


ISBN 10:   3031078071
Pages:   230
Publication Date:   22 July 2022
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   Manufactured on demand   Availability explained
We will order this item for you from a manufactured on demand supplier.

Table of Contents

1. Introduction Part I. Value and Price 2. The Quantitative Connection between Value and Price 3. The New Interpretation: Toward a Critical Development Part II. Exploitation of Labor 4. Labor Exploitation as the Origin of Profits 5. An Axiomatic Approach and the New Interpretation Part III. Rate of Profit 6. The Okishio Theorem 7. Falling Rate of Profit: Falsifiable or Not? 8. Piketty after Marx Part IV. A New Research Direction 9. Price-Value Relation with Stochastic Profit Rate and Labor Heterogeneity 10. On Marx's Distinction between Produktivkraft und Produktivität 11. Toward an Integrated Analysis of Labor Productivity

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Author Information

Dong-Min Rieu is Professor of Economics at Chungnam National University, Korea, where he teaches Marxian economics and history of economic thought.

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