File:The-Relationship-between-the-Monetary-Value-of-UK-Industry-Outputs-and-the-Labour-Content.png

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Relationship between the Monetary Value of UK Industry Outputs and the Labour Content of These Outputs (Cockshott, 2019)

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English: "Figure 1 The Relationship between the Monetary Value of UK Industry Outputs and the Labour Content of These Outputs

Note: There is a clear linear relationship between the monetary value of UK industry outputs and the labour content of these outputs. Each dot represents an industry, the X axis is scaled in the person years that directly or indirectly went into the producing the output of that industry. The Y axis is the value in money terms of the industry output. Results are computed from the UK 1998 Input Output table".

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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