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Identifier to cite or link to this item: https://hdl.handle.net/10086/18003

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Title
Commodity Content in a General Input-Output Model: A Comment
Creator
Creator Name
Yoshihara, Naoki Yoshihara, Naoki
吉原, 直毅 吉原, 直毅
ヨシハラ, ナオキ ヨシハラ, ナオキ
Affiliation
Affiliation Name
Hitotsubashi University
Creator Name
Veneziani, Roberto Veneziani, Roberto
Affiliation
Affiliation Name
Queen Mary University of London
Editor
Contributor Name
Institute of Economic Research, Hitotsubashi University
Key Word
Value
Bads
Skilled and Unskilled Labour
Productivity and Exploitation
JEL
D46
B51
Abstract
This paper critically analyses the approach to the determination of values, or commodity contents, developed by Fujimoto and Opocher (2009). Even setting aside various problematic definitional issues, the broader implications of the approach for classical theory are unclear. First, the value-theoretic definitions of skill differentials and bads capture at best necessary conditions and it is unlikely that such definitions can be provided by focusing only on the technological data of the economy. Second, the approach has various interesting implications concerning the relation between productivity and exploitation that directly contradict some of the authors' claims.
Description
40057
Publisher
Institute of Economic Research, Hitotsubashi University
Issued Date
2009-11
Language
English(eng)
Resource Type
technical report
Version Type
VoR
Is Part OfRelation -
Related Title
Discussion paper series. A ; No. a522
NCID
AA11476336
Number of Pages
10
Appears in Collections
Discussion paper series / Institute of Economic Research, Hitotsubashi University
URL
https://hdl.handle.net/10086/18003