File:Logarithmic-Plot-of-Market-Value-against-Alternative-Value-Bases-UK-1998.png

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Logarithmic Plot of Market Value against Alternative Value Bases UK 1998 (Cockshott, 2019)

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English: "Figure 2 Logarithmic Plot of Market Value against Alternative Value Bases UK 1998

Note: Other possible value bases perform much less well than labour. Here three other widely used industrial inputs are compared with labour to see how well they predict selling prices. The X axis in this case is the integrated cost in £1 million spent directly or indirectly by each industry on the product in question. It can be seen that the other inputs fail to show the same linear relationship to output value".

Cockshott, Paul. (2019). Did Marx Have a Labour Theory of Value?. World Review of Political Economy. 10. 69. 10.13169/worlrevipoliecon.10.1.0069.
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Source https://www.researchgate.net/publication/334411517_Did_Marx_Have_a_Labour_Theory_of_Value
Author Paul Cockshott

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