Criticisms of the labor theory of value affect the historical concept of labor theory of value (LTV) which spans classical economics, liberal economics...

The labor theory of value (LTV) is a theory of value that argues that the exchange value of a good or service is determined by the total amount of "socially...

have a historical materialism without a labour theory of value, because the one does not logically entail the other as well. Marcel van der Linden accepted...

Value criticism (German: Wertkritik) is a social theory which draws its foundation from the Marxian tradition and criticizes the contemporary mode of...

of production the hardship and tools of the labour will drive a wedge in the relative value of the good. Due to his criticisms of the Labour Theory of...

of the product minus the cost of the materials, plant and labour power. The concept originated in Ricardian socialism, with the term "surplus value"...

Principles of Political Economy and Taxation (1817), was based on a labour theory of value in which the value of any produced object is equal to the labor...

Some thinkers have rejected the fundamentals of Marxist theory, such as historical materialism and the labor theory of value and have gone on to criticize...

forced labour and resting on free labour. This comes from Marx's labour theory of value which means that, for any commodity, the price (or wage) of labor...

economy Criticisms of the labour theory of value Marxian economics Primitive accumulation of capital Socially necessary labour time Use value Valorisation...

other people; and to own those items of value from goods and services, produced by their own labour. Although the worker is an autonomous, self-realised...

fundamental criticisms concerns the labor theory of value (LTV). Mainstream neoclassical economics, which emerged in the late 19th century, rejected the LTV in...

The division of labour is the separation of the tasks in any economic system or organisation so that participants may specialise (specialisation). Individuals...

pricing Labour theory of value Law of value Marginal theory of value Market price Non-extractive economic value Objective theory of value Paradox of value Real...

typically valued and priced in bourgeois society. Under capitalism, according to Marx, the productive powers of labour appear as the creative power of capital...

social labour" and an "erosion of the value form" is occurring. Simply put, the theory of the "breaking up of the forms of value" means that: The new digital...

individual labour hours in the classical labour theory of value formulated by Adam Smith and David Ricardo, Marx's exchange value is conceived as a proportion...

labour and had what might be called a land-and-labour theory of value. Smith confined the labour theory of value to a mythical pre-capitalist past. Others...

The labor theory of property, also called the labor theory of appropriation, labor theory of ownership, labor theory of entitlement, and principle of...

exploitation of other classes. Under capitalism, the labour theory of value is the operative concern, whereby the value of a commodity equals the socially...

sum of money once labour's product is sold or acquired by a buyer. The value-creating ability of labour is most clearly visible when all labour is stopped...

the value-relation of the products of labour, within which it appears, have absolutely no connection with the physical nature of the commodity and the material...

restates many of his ideas in the light of criticisms. It has no agreed title and is also known as 'The General Theory of Employment' or as 'the 1937 QJE paper'...

over the course of the 20th century, a significant body of literature emerged on the conflict between marginalism and labour theory of value. One important...

Capital in the Twenty-First Century Capitalism: A Love Story Capitalocene The Corporation Crisis theory Criticism of libertarianism Criticisms of corporations...

Marxist literary criticism is a theory of literary criticism based on the historical materialism developed by philosopher and economist Karl Marx. Marxist...

relations may arise in the development of a market for labour. Roemer would go on to reject the necessity of the labour theory of value to explain exploitation...

The tendency of the rate of profit to fall (TRPF) is a theory in the crisis theory of political economy, according to which the rate of profit—the ratio...

making moral criticisms of behaviors of individuals unproductive. Heinrich rejects the "substantialist" interpretation of Marx's theory of value, which understands...

Labour economics seeks to understand the functioning and dynamics of the markets for wage labour. Labour is a commodity that is supplied by labourers,...