Labour Time

Some articles on labour time, labour, time:

Socially Necessary Labour Time
... Socially necessary labour time in Marx's critique of political economy is what regulates the exchange value of commodities in trade and consequently constrains ... Unlike individual labour hours in the classical labour theory of value formulated by Adam Smith and David Ricardo, Marx's exchange value is conceived as a proportion (or 'aliquot part') of society ... in using it in specific instances to relate average levels of labour productivity to social needs manifesting themselves as monetarily effective market ...
Law Of Value - Criticism - Logical Criticism - Aggregate Identities
... in the real world by continual variations in labour productivity and because, at any time, no competitive force existed that could exactly cancel out the difference between goods sold ... discrepancies were ordinarily impossible to maintain commercially for any length of time (among other things because in that case people would exchange very ... one could estimate the relationship between average product prices and the average cost in labour time which it takes to make them, for a large range of ...
Socially Necessary Labour Time - Criticism
... require different and quantitatively determined masses of the total labour of society ... That this necessity of the distribution of social labour in definite proportions cannot possibly be done away with by a particular form of social production but can only change the mode of its ... And the form in which this proportional distribution of labour asserts itself, in a state of society where the interconnection of social labour is manifested in the private ...
Marxist Economists - Marx's Theory - Effect of Technical Progress
... use-value) that a typical worker produces in a given amount of time is the productivity of labour ... This is due to increase in the scale of enterprise, to specialisation of labour, and to the introduction of machinery ... result of this is that the value of a given item tends to decrease, because the labour time necessary to produce it becomes less ...

Famous quotes containing the words time and/or labour:

    By Modernism I mean the positive rejection of the past and the blind belief in the process of change, in novelty for its own sake, in the idea that progress through time equates with cultural progress; in the cult of individuality, originality and self-expression.
    Dan Cruickshank (b. 1949)

    The gates of Hell are open night and day;
    Smooth the descent, and easy is the way:
    But, to return, and view the cheerful skies;
    In this, the task and mighty labour lies.
    Virgil [Publius Vergilius Maro] (70–19 B.C.)