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Economia e Sociedade

Print version ISSN 0104-0618On-line version ISSN 1982-3533


SANCHEZC, César  and  MONTIBELER, Everlam Elias. The labour theory of value and the prices in China. Econ. soc. [online]. 2015, vol.24, n.2, pp.329-354. ISSN 1982-3533.

The purpose of this paper is to analyze, based on econometric evidence, the degree of relationship between values and prices in China's economy. Despite being a controversial topic in economics, efforts were made to measure direct prices and production, as well as measure their grade of deviation. The results pointed to a strong correlation between the behavior between direct prices, production and the market.

Keywords : Spurious correlation; Labor theory of value; Marxism; Product input; Prices of production; Econometrics.

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