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Marginal Productivity Theory versus Labor Theory of Property

November 11, 2025 by admin

This paper shows that MP theory can also be formulated in a mathematically equivalent way using vectorial marginal products–which however conflicts with the “distributive shares” picture.

Filed Under: Democratic Firm, Employee Ownership, Main Blog, NeoClassical Economic Theory, Property Theory Tagged With: imputation of responsibility, marginal productivity theory, neo-Ricardian economics, property theory, Sraffa, vectorial marginal products

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