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.
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.
Source: Wikipedia "Labor-time calculation" · CC BY-SA 4.0
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