Re: [Pen-l] The Irrelevance of Workers In Economic Theory

[Michael Perelman <michael@xxxxxxxxxxxxxxxxx>]

Measuring labor in physical terms is a no-no for economists, suggesting a labor 
theory of value.  Germans had a tradition of looking at labor in physical terms, 
which the conventional economists denounced strongly.  This push to turn from 
production to circulation goes back centuries.

I wish that I could describe the complexity of the story in a compact form.


On Mon, Aug 11, 2008 at 09:28:06AM -0400, Les Schaffer wrote:
> what do you mean by measure labor? time spent design/building X? calories 
> burned doing Y? resources put into motion by hands and brain creating  Z?
>
> Les
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-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu
michaelperelman.wordpress.com
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