The Scientific Status of the Labor Theory of Value

 :: General :: Theory :: Education

Go down

The Scientific Status of the Labor Theory of Value

Post by Celtiberian on Tue Jul 12, 2011 8:25 am

The following is an excellent paper written by the socialist professors, Paul Cockshott and Allin Cottrell, which addresses the solid empirical basis for the controversial labor theory of value.

Here's a brief abstract of the article:

In this paper we wish to argue that the labour theory of value is a scientific theory in the strongest sense of the empirical sciences. We first elaborate upon what we take to be criteria of scientificity, and then show that these are in practice met by the labor theory of value.
Full PDF

I highly recommend the article to those of you who wish to familiarize yourselves with the basic theory itself, as well as the contemporary data which has been complied proving its validity. The mathematical models contained in the article may seem complex, but don't allow them to dissuade you from reading the paper.

I also recommend that everyone read Prof. Cockshott's essay, "Competing Theories: Wrong or Not Even Wrong?," which analyzes why, despite possessing its aforementioned empirical grounding, the labor theory of value nevertheless fell into disrepute within the academic community.

RSF Executive Committee (Chairman)
"The dogma of human equality is no part of Communism . . . the formula of Communism: 'from each according to his ability, to each according to his needs', would be nonsense, if abilities were equal."
—J. B. S. Haldane Hammer Sickle

"Nationality. . . is a historic, local fact which, like all real and harmless facts, has the right to claim general acceptance. . . Every people, like every person, is involuntarily that which it is and therefore has a right to be itself. . . Nationality is not a principle; it is a legitimate fact, just as individuality is. Every nationality, great or small, has the incontestable right to be itself, to live according to its own nature. This right is simply the corollary of the general principle of freedom."
—Mikhail Bakunin Red Star

Tendency : Revolutionary Syndicalist
Posts : 1523
Reputation : 1615
Join date : 2011-04-04
Age : 31
Location : Florida

Back to top Go down

Back to top

- Similar topics

 :: General :: Theory :: Education

Permissions in this forum:
You cannot reply to topics in this forum