HU Yi-cheng
Abstract
The value theory of On Capital is labor force value theory, instead of Labor Value Theory Monism. Due to limitations of the times, there is one theoretical drawback. We should take historical view towards its labor force value theory, develop what is useful or healthy and discard what is not.
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The value theory of On Capital is labor force value theory, instead of Labor Value Theory Monism. Due to limitations of the times, there is one theoretical drawback. We should take historical view towards its labor force value theory, develop what is useful or healthy and discard what is not.
Key concepts: Monism, Value (mathematics), Value theory, Economics, Neoclassical economics, Positive economics, Labor theory of value, Mathematical economics