Economics Dictionary of ArgumentsHome
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| Value added: Value added in economics is the increase in the value of goods or services at each production stage, calculated as the difference between output value and input costs. It measures a firm's or industry's contribution to the economy, reflecting productivity and efficiency in creating economic value._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Piero Sraffa on Value added - Dictionary of Arguments
Kurz I 27 Value added/Sraffa/Kurz: Once a standard of value (or numéraire) is fixed and the share of wages (or, alternatively, the rate of interest) is given, prices and the rate of interest (or, alternatively, the share of wages) can be determined. However, as soon as prices are ascertained so is the value of the net product of the system, the value of the capital employed in each industry and in the economy as a whole, etc. In other words, the ‘value added’ is known. This value added depends on prices and therefore on income distribution. >Wages/Sraffa, >Wages/Ricardo, >Surplus value/Economics. Kurz, Heinz; Salvadori, Neri 2015. Revisiting Classical Economics: Studies in Long-Period Analysis (Routledge Studies in the History of Economics). London, UK: Routledge._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Sraffa I Piero Sraffa Production of Commodities by Means of Commodities. Prelude to a Critique of Economic Theory (Cambridge: Cambridge University Press). Cambridge 1960 Kurz I Heinz D. Kurz Neri Salvadori Revisiting Classical Economics: Studies in Long-Period Analysis (Routledge Studies in the History of Economics). Routledge. London 2015 |
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