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Value and exploitation

A comment

Bibliographic Data

ID12230034
AuthorsAngelo Reati (a Brussels, Belgium, corresponding author)
Year2005
Volume17
Issue4
Pages609-617
Publication date2005-10-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueReview of Political Economy (JOURNAL)
Journal identifiersISSN: 0953-8259 • E-ISSN: 1465-3982
PublisherTaylor & Francis (PUBLISHER • GB)
DOI10.1080/09538250500255750
OpenAlexW2059114922
LanguageEN
Citations received1
References cited18

This paper comments on a recent paper by Ernesto Screpanti (2003) Screpanti, E. 2003. Value and exploitation: a counterfactual approach. Review of Political Economy, 15: 155–171. [Taylor & Francis Online] , [Google Scholar], in this journal, on Marxian theories of value and exploitation. The paper argues, in opposition to Screpanti, that the labour theory of value is the most suitable foundation for a realistic and historically determined vision of society; that labour values provide a unique coherent conceptual framework for understanding the nature of profit; that the inconsistency of labour values is only apparent, as it disappears with a judicious choice of numéraire; and that prices of production explain much less than labour values and are therefore an inadequate substitute for the latter

Counterfactual thinking · Economics · Epistemology · Microeconomics · Neoclassical economics · Opposition (politics · Political science · Politics · Positive economics · Profit (economics · Value (mathematics · Computer Science · Economic Theory and Institutions · Economic Theory and Policy · Law · Philosophy · Political Economy and Marxism

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Unique citing works1
Citations per year1
Citation span2025 - 2025 (1)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 1

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