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Hi Toni, Am 01.04.2012 16:02, schrieb Toni Prug:
I agree with Jacob that Marx's theory of value is the best theory of value we have. It is a monetary theory since it exclusively uses prices (quantity of money) to determine values. However, it does not apply to goods and services that do not have take the form of commodity i.e. that do not have their value expressed in price. Hence, all the state goods and services (education, healthcare, housing, infrastructure), a hugely important development from an egalitarian point of view, which accounts for a huge part of GDP spending, can not be account for with Marx's theory.
I pointed out that earlier: There is a quite interesting paper by Peter Fleissner "Reconstructing the Economy: A Methodological Journey from the Surface to the Essence and Back" http://www.triple-c.at/index.php/tripleC/article/view/302/307 to get those questions embedded into "the best theory of value we have".
hgg -- Dr. Hans-Gert Graebe, apl. Prof., Inst. Informatik, Univ. Leipzig postal address: Postfach 10 09 20, D-04009 Leipzig Hausanschrift: Johannisgasse 26, 04103 Leipzig, Raum 5-18 tel. : [PHONE NUMBER REMOVED] email: graebe informatik.uni-leipzig.de Home Page: http://www.informatik.uni-leipzig.de/~graebe ______________________________ http://www.oekonux.org/journal
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