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A SIMPLE MEASURE OF PRICE‐LABOUR VALUE DEVIATION
Author(s) -
Mariolis Theodore
Publication year - 2011
Publication title -
metroeconomica
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.256
H-Index - 29
eISSN - 1467-999X
pISSN - 0026-1386
DOI - 10.1111/j.1467-999x.2011.04131.x
Subject(s) - measure (data warehouse) , simple (philosophy) , economics , value (mathematics) , econometrics , production (economics) , distribution (mathematics) , expression (computer science) , microeconomics , mathematical economics , mathematics , statistics , computer science , mathematical analysis , philosophy , epistemology , database , programming language
This paper constructs a measure of price‐labour value deviation that leads to an algebraically simple expression and provides a transparent separation between the effects of income distribution and of the technical conditions of production.