BUSINESS INFORM №5-2014

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Section: Economic Theory
UDC 330.1
Rogach F. I.
On Significance of the Labour Theory of Value under Modern Conditions (p. 13 - 17)
The financial and economic crisis of recent years intensifies interest to the nature of value and preservation of wealth. Brief review of the evolution of views on the nature and assessment of the value allows formulation of the goal of the article – a study of reasons of changes of views on the nature of value. The conducted analysis allows establishment of dependence of the content of the theory of value and values of its categories on the content (level) of technological structures and also the fact that only labour and capital are the basis of the value during all technological structures. Processing US data shows that the specific weight of labour costs in GDP in various technological structures is practically the same even when physical labour is replaced with intellectual. The article shows practical importance of the labour theory, labour rent at the macro-level – forecasting GDP growth on labour financing; and also at meso- and micro-levels – forecasting labour costs in production.
Keywords: value, labour, capital, rent, structure
Fig.: 2. Tabl.: 1. Bibl.: 10.

Rogach Fedir I. – Candidate of Sciences (Economics), PJSC “State Savings Bank of Ukraine” (Oschadbank) (12g Hospitalna Str., Kyiv, 01001, Ukraine)
Email: [email protected]

Article is written in Russian
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Reference to this article:
Rogach, Fedir I. (2014) “On Significance of the Labour Theory of Value under Modern Conditions.” Business Inform 5:13–17.

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