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Conceptualizing the Future: Marx’s Value Theory and the Debate on Markets and Planning
Abstract: Marx posits a vision of socialism in which mass-produced items are “priced” via computation of embodied labor-time with remuneration such that one hour of actual labor is exchanged for…
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Abstract: Marx posits a vision of socialism in which mass-produced items are “priced” via computation of embodied labor-time with remuneration such that one hour of actual labor is exchanged for items produced in one hour. But implementing Marx’s scheme today would incentivize increased individual labor time and drive a tendency to ..
More: academia.edu