Towards a Political Economy of the Hunters and Gatherers - A Study in Historical Materialism

19 Pages Posted: 25 Jan 2010

Date Written: September 22, 2009

Abstract

This paper uses the mode of production of the hunter-gatherers as a background to explain basic economic concepts, in particular the meaning of the labour theory of value and it's relationship to optimization of resources. A proof of the marginal value theorem is presented. A new term is introduced to designate labour surplus value, roundabout labour. The analytical expression for socially necessary labour is derived and Adam Smith's paradox between labour value and the adding-up theorem of wages, rent and profit, is resolved. It is shown that far from being limited to the ancient form of society of the hunter-gatherers the labour theory of value holds also in modern times.

Keywords: historical materialism, labour theory of value, Marxian economics, roundabout labour, Adam Smith, surplus labour, hunter-gatherer society, marginal value theorem, evolutionary ecology, modes of production, productive forces

JEL Classification: B14, B51, D20, D46, Q57, Z10

Suggested Citation

Hagendorf, Klaus, Towards a Political Economy of the Hunters and Gatherers - A Study in Historical Materialism (September 22, 2009). Available at SSRN: https://ssrn.com/abstract=1541133 or http://dx.doi.org/10.2139/ssrn.1541133

Klaus Hagendorf (Contact Author)

EURODOS ( email )

20, rue Turgot
Paris, 75009
France

HOME PAGE: http://eurodos.free.fr/mime

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
115
Abstract Views
954
rank
289,582
PlumX Metrics