WHAT DOES THE LABOR THEORY OF VALUE DO?

This article is a response to two other articles in this symposium by Tiago Camarinha Lopes and David Laibman. The article focuses mainly on the important question that both Camarinha Lopes and Laibman address in their articles: what does the labor theory of value do that other theories cannot do? I...

Full description

Bibliographic Details
Main Author: Moseley, F. (Author)
Format: Article
Language:English
Published: Pluto Journals 2022
Subjects:
Online Access:View Fulltext in Publisher
LEADER 01301nam a2200181Ia 4500
001 10.13169-WORLREVIPOLIECON.12.4.0452
008 220510s2022 CNT 000 0 und d
020 |a 2042891X (ISSN) 
245 1 0 |a WHAT DOES THE LABOR THEORY OF VALUE DO? 
260 0 |b Pluto Journals  |c 2022 
856 |z View Fulltext in Publisher  |u https://doi.org/10.13169/WORLREVIPOLIECON.12.4.0452 
520 3 |a This article is a response to two other articles in this symposium by Tiago Camarinha Lopes and David Laibman. The article focuses mainly on the important question that both Camarinha Lopes and Laibman address in their articles: what does the labor theory of value do that other theories cannot do? In other words, what important phenomena of capitalist economies can Marx's theory based on the labor theory of value explain that other theories, especially Sraffian theory, cannot explain? Sections 1 and 2 discuss Camarinha Lopes' article, Section 3 discusses Laibman's article, and Section 4 presents my answer to this important question of what does the labor theory of value do. © 2022 Pluto Journals. All rights reserved. 
650 0 4 |a explanatory power 
650 0 4 |a exploitation 
650 0 4 |a Marx 
650 0 4 |a transformation problem 
700 1 |a Moseley, F.  |e author 
773 |t World Review of Political Economy