2007Journal of Guangzhou UniversityRequires access

A research on the quantitative correlation between labor value and utility value

Deng Hong

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Abstract

The major theories concerning determination include the labor and the , which are generally considered contradictory. Starting with the concept of value in use ,of which people have a common understanding, the paper distinguishes the contribution of the nature from the contribution of human beings to value. In doing so the concepts concerning are clarified, and it is found that the of laborand the artificial utility are quantitatively equal. It is believed that the integration of the two theories can make the value-determination theory more complete.

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What this paper is about

The major theories concerning determination include the labor and the , which are generally considered contradictory. Starting with the concept of value in use ,of which people have a common understanding, the paper distinguishes the contribution of the nature from the contribution of human beings to value. In doing so the concepts concerning are clarified, and it is found that the of laborand the artificial utility are quantitatively equal. It is believed that the integration of the two theories can make the value-determination theory more complete.

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Available abstract

The major theories concerning determination include the labor and the , which are generally considered contradictory. Starting with the concept of value in use ,of which people have a common understanding, the paper distinguishes the contribution of the nature from the contribution of human beings to value. In doing so the concepts concerning are clarified, and it is found that the of laborand the artificial utility are quantitatively equal. It is believed that the integration of the two theories can make the value-determination theory more complete.

Key concepts: Value (mathematics), Positive economics, Economics, Value theory, Microeconomics, Mathematical economics, Epistemology, Econometrics

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