Our book (Shaikh & Tonak, 1994, Measuring Wealth of Nations...) intended to develop a  consistent and  applicable Marxian macroeconomic accounting framework based on conventional system of national accounts.  I am copying the link to the Preface and 1st Chapter of the book:

http://www.simons-rock.edu/%7Eeatonak/mwon.pdf


Chris Burford wrote:
Can I point out that the marxian law of value, probably cannot be
falsified, but may be "true".

The only empirical study I know about it is by Paul Cockshott and Allin
Cottrell showing that it could fit with macroeconomic data, I think for
Scotland if I recall correctly.

Chris Burford






E. Ahmet Tonak
Professor of Economics

Simon's Rock College of Bard
84 Alford Road
Great Barrington, MA 01230

Tel:  413 528 7488
Fax: 413 528 7365
www.simons-rock.edu/~eatonak



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