> Currency is not a measure of value. Instead, it's hours of > socially-necessary abstract labor time which measure value.
Which you can't really observe or measure, right? _______________________________________________ As it happens the Swedish input output tables give labour inputs in actual hours for industrial sectors. Most countries give the labour input in terms of wages paid. It is possible to invert the Swedish tables and directly obtain the number of socially necessary hours of labour in the output of each industry. The University of Glasgow, charity number SC004401 _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
