On the Use of National Accounts in Value Analysis

G. Carchedi
September 1992
International Journal of Political Economy;Fall92, Vol. 22 Issue 3, p72
Academic Journal
The author of this article discusses the systematic insufficiency of exiting national income accounts for Marxian theoretical purposes, going on to consider the possibility of constructing such accounts on the basis of Karl Marx's theory of value. In his opinion, such accounts should be calculated in terms of abstract labor time, which the author of this article believes to be a concept with a reality of its own, that part of reality we focus on when we analyze the exertion of human energy without taking into consideration its specific forms.


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