Labor-time calculation
id:
labor-time-calculation-281-1711845
title:
Labor-time calculation
text:
Labor-time calculation is a method of economic calculation that uses labor time as the basic unit of accounting and valuation. This method of calculation was advocated by the economists Otto Bauer, Helene Bauer and Otto Leichter as an alternative to calculation in kind for a socialist economy. Otto Leichter criticized in-kind calculation on the basis that rational accounting required a general unit for comparing costs of heterogeneous goods. The basis for labor-time calculation is found in Karl
brand slug:
wiki
category slug:
encyclopedia
description:
Economic calculation of value based on labor time
original url:
https://en.wikipedia.org/wiki/Labor-time_calculation
date created:
date modified:
2022-10-22T16:47:26Z
main entity:
{"identifier":"Q22906234","url":"https://www.wikidata.org/entity/Q22906234"}
image:
fields total:
13
integrity:
14