Social rules and prudential behaviour in labour theory of value

Abstract

In marxian economic theory value is an underlying magnitude. Hence Marx’s critics have denounced it systematically as a metaphysical hypothesis. This essay suggests a twofold justification strategy. First, puts forward value in intensional terms, as a social collection related to a social rule. second, analyzes transformation problem as an impossibility theorem.

Keywords

• Teoría laboral del valor
• reglas sociales
• dilema del prisionero
• intensionalidad.