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      A Proof to a Hypothesis: Unit Commodity Value Is Directly Proportional to Productivity of Labour

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            Abstract

            The two mainstream viewpoints think that a unit commodity value is inversely proportional to the productivity of labour, which is named “inversely-proportional-theory.” The first one defines the value as the labour time, and defines the magnitude of the value of a unit commodity as the labour time embodied in a unit commodity, then defines the productivity of labour as the production of use value in unit labour time, thus the magnitude of the value of a unit commodity is inversely proportional to the productivity of labour; the second one defines the unit value as the quantity of human labour in the abstract embodied in a unit commodity, then defines the productivity of labour as the production of use value by unit human labour in the abstract, therefore the magnitude of the value of a unit commodity and the productivity of labour are inversely proportional to each other. In the first one, the unit value and the productivity of labour are both put into the concrete labour space; while in the second one, the production in the concrete labour space and that in the abstract labour space are confused. Thus, both of them cannot form a transition between the abstract labour space and the concrete labour space. If the two kinds of space are distinguished, we will find the magnitude of the value of a unit commodity is directly proportional to the productivity of labour, which is called “directly-proportional-theory.”

            Content

            Author and article information

            Journal
            10.2307/j50005553
            worlrevipoliecon
            World Review of Political Economy
            Pluto Journals
            2042-891X
            2042-8928
            1 October 2018
            : 9
            : 3 ( doiID: 10.13169/worlrevipoliecon.9.issue-3 )
            : 330-345
            Article
            worlrevipoliecon.9.3.0330
            10.13169/worlrevipoliecon.9.3.0330
            1f523576-d189-4eef-96c7-c03dadbc1d19
            © 2018 World Association for Political Economy

            All content is freely available without charge to users or their institutions. Users are allowed to read, download, copy, distribute, print, search, or link to the full texts of the articles in this journal without asking prior permission of the publisher or the author. Articles published in the journal are distributed under a http://creativecommons.org/licenses/by/4.0/.

            History
            Custom metadata
            eng

            Political economics
            unit commodity value,directly-proportional-theory,inversely-proportional-theory,productivity of labour

            References

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            3. Feng, J. 2012. “Changes in the Value Quantity of Commodity and Errors in Ideas of ‘In Direct Proportion’.” [In Chinese.] Teaching and Research, no. 5: 27–33.

            4. Feng, J. 2013. “The Non-proportional Relationship between the Magnitude of Unit Commodity Value and Productivity of Labour.” [In Chinese.] The Study of Finance and Economics, no. 8: 28–39.

            5. Guan, Z. 1958. An Introduction to Topological Space. [In Chinese.] Beijing: Science Press.

            6. Lin, G. 2005. “Some Propositions on Socially Necessary Labour and the Relation between Productivity of Labour and Magnitude of Value.” [In Chinese.] Teaching and Research, no. 7: 52–58.

            7. Ma, Y., and E. Cheng. 2002. “A New Probe on ‘Motorial Law of Value Quantity and Productivity of Labour’ of Marx—A Development of the Labour Theory of Value.” [In Chinese.] The Study of Finance and Economics, no. 10: 43–48.

            8. Marx, K. 1972. Collected Works of Marx and Engels. Vol. 23. [In Chinese.] Beijing: People's Publishing House.

            9. Zhu, S. 2013. “Mathematical Analysis of the ‘New Hypothesis on Value Produced on Living Labour’.” [In Chinese.] Studies on Marxism, no. 5: 81–90, 160.

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