Why Labour Time Should Be the Basis of Economic Calculation
نویسندگان
چکیده
Since the collapse of the Soviet Union it has seemed to many that the socialist calculation debate is essentially over, with a decisive verdict in favor of the market. Recent instabilities in the world market are again prompting the question whether some form of conscious regulation of economies may be appropriate. We argue that the increasing power of modern computer technology along with the use of Ricardian–Marxian labour values opens up new possibilities for economic planning.
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