By Thomas T. Sekine, Robert Albritton
Kozo Uno stimulated a complete iteration of marxian political economists in put up global warfare II Japan. Thomas Sekine labored heavily with Uno in Japan and later got here to York collage in Toronto, the place he brought Uno's principles to Canadian students. Sekine has considerably enlarged and subtle Uno's paintings, and within the technique has motivated students in either Japan and Canada. This anthology is a set of essays in marxian political economic climate by way of students who've been encouraged through Sekine's specific appropriation of Uno's ideas.
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Additional resources for A Japanese Approach to Political Economy: Unoist Variations
In order for this process to repeat itself, however, prices at which commodities are exchanged among themselves must be regulated in a logical way. For otherwise the general norms of economic life may fail to be satisfied, which would paralyse economic life itself. Above all the prices must be such as to ensure the replacement of labour-power and means of production currently consumed. 2 For otherwise some capitalists can realise a surplus and others a deficit, after replacing whatever labourpower and means of production they currently consume.
What should we make of this? 3 THE DEBATE OVER UNO'S DEMONSTRATION Uno succeeded in improving the method of demonstrating the law of value, but what he demonstrated in the above case was the same as Marx's claim, namely, that commodities embodying an equal quantity of labour are to be exchanged for one another at par. If so, Uno should 50 Demonstration of the Law of Value have taken one step forward in explaining the relationship between labour values and production-prices. For in a real (as opposed to hypothetical) capitalist economy, commodities are not exchanged at their values.
Simon to describe the sense of having achieved sufficiency in satisfaction) with increasing wealth, refuses to yield to the bourgeois addiction to maximise revenues. Appendix Consider the simplest capitalist economy in which one means of production, or capital good, (X), one wage-good (y), and one consumption-good for capitalists, or luxury good, (Z), are produced Thomas T. Sekine 31 and competitively traded. If Xi (i = x, y, z) represent the quantities of the capital-good, and Li (i = x, y, z) the number of hours of labour spent for the production of X, Y, Z, then the technology complex can be written as follows: (T) (1) The component techniques of T are all value-determining "social" techniques systhesized by the method discussed in Section 9 of the text.
A Japanese Approach to Political Economy: Unoist Variations by Thomas T. Sekine, Robert Albritton