Die russische Weltanschauung

Die Genussscheine nach schweizerischem Recht

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Monograph

Identifikator:: 1691740837

URN:: urn:nbn:de:zbw-retromon-101476

Document type:: Monograph

Author:: Frank, Semen L. http://d-nb.info/gnd/118692739

Title:: Die russische Weltanschauung

Place of publication:: Charlottenburg

Publisher:: Pan-Verl. Heise

Year of publication:: 1926

Scope:: 41 S.

Digitisation:: 2020

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: IV.

Collection:: Economics Books

508 PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - ~ is zero or the proportion of replacements (i.e. of indirect la- bour) to direct labour is exactly the same in all sectors. In general, therefore, relative prices will depend both on the sum of direct and indirect labour required, and on the pro- portion between the two, i.e. on the capital intensity of the production processess. However, it is important to notice that our approach has made it possible — as the (II.14) show — to express the capital components of prices in terms which are directly and unambiguously comparable to labour. These ca- pital components may thus be added to direct and indirect labour. In the (II.14) they are added, and the total sum is multiplied by the wage rate. We may, therefore, conclude that formulae (II.14) express a theory of value which is indeed no longer in terms of pure labour but is — as we may put it — in terms of labour equivalents. In the case considered here, the amount of labour equivalent corresponding to the employ- ment of capital is a fraction (represented by the rate of profit), of the amount of labour required to produce capital goods. 7. A more complex case involving capital for the production of capital The foregoing analysis has been based on the simplifying assumption that capital goods are not needed for the production of capital goods, but the simplification has been made only in order to keep the formulation as short as possible. Dropping this assumption does not entail any conceptual difficulty, it only requires a few more algebraical manipula- tions. Assume, for example, in order not to go and infinitum, that each of the capital goods sectors makes capital goods for itself and for the corresponding consumption goods sector, and denote by y; in each sector i, (i=1, 2, ..., n— 1), the ratio of one unit of capital goods expressed in terms of capacity for 10] Pasinetti - pag. 28

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