This book revitalises the labour theory of value as a framework for determining production prices and explores its implications for economic theory and policy. Through an in-depth review of economists such as Adam Smith, David Ricardo, Karl Marx, and Piero Sraffa, it uncovers that the profit distribution in proportion to material costs generally prevents the division of labour between separate industries. Instead, it reveals that profit sharing in relation to the labour input – the original productive power – is the only consistent method to establish an equilibrium under conditions of ‘free’ competition. In addition, profit maximisation in the vertically integrated wage sector, which satisfies demand financed out of wages, leads to a 100 % rate of profit (or rate of exploitation). The associated real unit labour costs amount to 50 %. The remnant ‘luxury’ department must adapt to this level. Empirical evidence confirms this finding. The author demonstrates that economic theory grounded upon the law of value can offer welfare-enhancing policies. This book will intrigue scholars and students of economics, as well as anyone interested in economic theory and the history of economic thought.
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Vendeur : BuchWeltWeit Ludwig Meier e.K., Bergisch Gladbach, Allemagne
Buch. Etat : Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -This book revitalises the labour theory of value as a framework for determining production prices and explores its implications for economic theory and policy. Through an in-depth review of economists such as Adam Smith, David Ricardo, Karl Marx, and Piero Sraffa, it uncovers that the profit distribution in proportion to material costs generally prevents the division of labour between separate industries. Instead, it reveals that profit sharing in relation to the labour input the original productive power is the only consistent method to establish an equilibrium under conditions of free competition. In addition, profit maximisation in the vertically integrated wage sector, which satisfies demand financed out of wages, leads to a 100 % rate of profit (or rate of exploitation). The associated real unit labour costs amount to 50 %. The remnant luxury department must adapt to this level. Empirical evidence confirms this finding. The author demonstrates that economic theory grounded upon the law of value can offer welfare-enhancing policies. This book will intrigue scholars and students of economics, as well as anyone interested in economic theory and the history of economic thought. 288 pp. Englisch. N° de réf. du vendeur 9783032014566
Quantité disponible : 2 disponible(s)
Vendeur : Grand Eagle Retail, Bensenville, IL, Etats-Unis
Hardcover. Etat : new. Hardcover. This book revitalises the labour theory of value as a framework for determining production prices and explores its implications for economic theory and policy. Through an in-depth review of economists such as Adam Smith, David Ricardo, Karl Marx, and Piero Sraffa, it uncovers that the profit distribution in proportion to material costs generally prevents the division of labour between separate industries. Instead, it reveals that profit sharing in relation to the labour input the original productive power is the only consistent method to establish an equilibrium under conditions of free competition. In addition, profit maximisation in the vertically integrated wage sector, which satisfies demand financed out of wages, leads to a 100 % rate of profit (or rate of exploitation). The associated real unit labour costs amount to 50 %. The remnant luxury department must adapt to this level. Empirical evidence confirms this finding. The author demonstrates that economic theory grounded upon the law of value can offer welfare-enhancing policies. This book will intrigue scholars and students of economics, as well as anyone interested in economic theory and the history of economic thought. This book revitalises the labour theory of value as a framework for determining production prices and explores its implications for economic theory and policy. In addition, profit maximisation in the vertically integrated wage sector, which satisfies demand financed out of wages, leads to a 100 % rate of profit (or rate of exploitation). Shipping may be from multiple locations in the US or from the UK, depending on stock availability. N° de réf. du vendeur 9783032014566
Quantité disponible : 1 disponible(s)
Vendeur : moluna, Greven, Allemagne
Etat : New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. N° de réf. du vendeur 2506179085
Quantité disponible : Plus de 20 disponibles
Vendeur : AHA-BUCH GmbH, Einbeck, Allemagne
Buch. Etat : Neu. Druck auf Anfrage Neuware - Printed after ordering - This book revitalises the labour theory of value as a framework for determining production prices and explores its implications for economic theory and policy. Through an in-depth review of economists such as Adam Smith, David Ricardo, Karl Marx, and Piero Sraffa, it uncovers that the profit distribution in proportion to material costs generally prevents the division of labour between separate industries. Instead, it reveals that profit sharing in relation to the labour input the original productive power is the only consistent method to establish an equilibrium under conditions of free competition. In addition, profit maximisation in the vertically integrated wage sector, which satisfies demand financed out of wages, leads to a 100 % rate of profit (or rate of exploitation). The associated real unit labour costs amount to 50 %. The remnant luxury department must adapt to this level. Empirical evidence confirms this finding. The author demonstrates that economic theory grounded upon the law of value can offer welfare-enhancing policies. This book will intrigue scholars and students of economics, as well as anyone interested in economic theory and the history of economic thought. N° de réf. du vendeur 9783032014566
Quantité disponible : 1 disponible(s)
Vendeur : buchversandmimpf2000, Emtmannsberg, BAYE, Allemagne
Buch. Etat : Neu. This item is printed on demand - Print on Demand Titel. Neuware -This book revitalises the labour theory of value as a framework for determining production prices and explores its implications for economic theory and policy. Through an in-depth review of economists such as Adam Smith, David Ricardo, Karl Marx, and Piero Sraffa, it uncovers that the profit distribution in proportion to material costs generally prevents the division of labour between separate industries. Instead, it reveals that profit sharing in relation to the labour input the original productive power is the only consistent method to establish an equilibrium under conditions of 'free' competition. In addition, profit maximisation in the vertically integrated wage sector, which satisfies demand financed out of wages, leads to a 100¿% rate of profit (or rate of exploitation). The associated real unit labour costs amount to 50¿%. The remnant 'luxury' department must adapt to this level. Empirical evidence confirms this finding. The author demonstrates that economic theory grounded upon the law of value can offer welfare-enhancing policies. This book will intrigue scholars and students of economics, as well as anyone interested in economic theory and the history of economic thought. 308 pp. Englisch. N° de réf. du vendeur 9783032014566
Quantité disponible : 1 disponible(s)
Vendeur : Books Puddle, Woodside, NY, Etats-Unis
Etat : New. N° de réf. du vendeur 26404587062
Quantité disponible : 4 disponible(s)
Vendeur : Revaluation Books, Exeter, Royaume-Uni
Hardcover. Etat : Brand New. 305 pages. 9.25x6.10x9.49 inches. In Stock. N° de réf. du vendeur x-3032014565
Quantité disponible : 1 disponible(s)
Vendeur : Biblios, Frankfurt am main, HESSE, Allemagne
Etat : New. PRINT ON DEMAND. N° de réf. du vendeur 18404587068
Quantité disponible : 4 disponible(s)
Vendeur : Majestic Books, Hounslow, Royaume-Uni
Etat : New. Print on Demand. N° de réf. du vendeur 409615849
Quantité disponible : 4 disponible(s)