TY  - GEN
N2  - This book presents a probabilistic approach to studying the fundamental role of labor in capitalist economies and develops a non-deterministic theoretical framework for the foundations of political economy. By applying the framework to real-world data, the authors offer new insights into the dynamics of growth, wages, and accumulation in capitalist development around the globe. The book demonstrates that a probabilistic political economy based on labor inputs enables us to describe central organizing principles in modern capitalism. Starting from a few basic assumptions, it shows that the working time of employees is the main regulating variable for determining strict numerical limits on the rate of economic growth, the range of wages, and the pace of accumulation under the present global economic system.
DO  - 10.1007/978-3-030-93321-0
DO  - doi
AB  - This book presents a probabilistic approach to studying the fundamental role of labor in capitalist economies and develops a non-deterministic theoretical framework for the foundations of political economy. By applying the framework to real-world data, the authors offer new insights into the dynamics of growth, wages, and accumulation in capitalist development around the globe. The book demonstrates that a probabilistic political economy based on labor inputs enables us to describe central organizing principles in modern capitalism. Starting from a few basic assumptions, it shows that the working time of employees is the main regulating variable for determining strict numerical limits on the rate of economic growth, the range of wages, and the pace of accumulation under the present global economic system.
T1  - How labor powers the global economy:a labor theory of capitalism /
DA  - 2022.
CY  - Cham, Switzerland :
AU  - Farjoun, Emmanuel,
AU  - Machover, Moshé,
AU  - Zachariah, David,
CN  - HD4901
PB  - Springer,
PP  - Cham, Switzerland :
PY  - 2022.
ID  - 1445949
KW  - Labor economics.
KW  - Labor.
KW  - Capitalism.
KW  - Économie du travail.
KW  - Travail.
SN  - 9783030933210
SN  - 3030933210
TI  - How labor powers the global economy:a labor theory of capitalism /
LK  - https://univsouthin.idm.oclc.org/login?url=https://link.springer.com/10.1007/978-3-030-93321-0
UR  - https://univsouthin.idm.oclc.org/login?url=https://link.springer.com/10.1007/978-3-030-93321-0
ER  -