Values, prices of production and market prices: some more evidence from the Greek economy
用希腊经济数据检验劳动价值论,分析价值与不同价格形式的接近程度、工资利润曲线形状等,为劳动价值论的经验有效性提供新证据。
This paper extends the empirical investigation of the relation between labour values and different price forms in the case of the Greek economy. Subjecting the labour theory of value to empirical tests with data from various countries helps in the derivation of general conclusions regarding its empirical validity and practical usefulness. Our results on the closeness of values and prices as measured by their absolute deviation and correlation, the shape of the wage--profit curves, the predictive power of labour values over market prices compared with other 'value bases', and the comparison of fundamental Marxian categories when estimated in value and price terms provide further support for the empirical strength of the labour theory of value. Copyright 2002, Oxford University Press.