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...

"exchange value" (how much labor-time the sale of the commodity can claim, Smith's "labor commanded" value). By most interpretations of his labor theory of value...

labor theory of value. STV's development helped to better understand human action and decision making in economics. The theory claims that the value of...

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

economics, the cost-of-production theory of value is the theory that the price of an object or condition is determined by the sum of the cost of the resources...

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 embodied...

April 2013. Steve Keen, "Use-Value, Exchange Value, and the Demise of Marx's Labor Theory of Value", Journal of the History of Economic Thought, Volume 15...

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

Sweezy expounds and defends the labor theory of value. The book is divided into four sections. 1. Value and Surplus Value 2. The Accumulation Process 3...

"value-added". According to Marx's theory, surplus value is equal to the new value created by workers in excess of their own labor-cost, which is appropriated...

Value theory, also called axiology, studies the nature, sources, and types of values. It is a branch of philosophy and an interdisciplinary field closely...

factor of production (namely labor) and not to the point of view of the consumer. Proponents of the labor theory of value see that as the resolution of the...

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

portal Labor theory of value Law of value Natural economy Paradox of value Prices of production Real prices and ideal prices Unequal exchange Use value Value...

respect to the organic compositions of different industries. Marx's value theory was developed from the labor theory of value discussed by Adam Smith and used...

economist Ian Steedman, in which the author argues against the labor theory of value. The economist Heinz D. Kurz reviewed Marx after Sraffa in Kyklos...

and a leading member of the Linkes Zentrum (centre-left) in the Prussian national assembly. He defended the labor theory of value, as well as the view...

Capitalist mode of production Economic surplus labor power labor theory of value Productive and unproductive labor Reserve army of labor Spatial mismatch...

which is currently socially necessary to produce them (see labor theory of value and value-form). Theorizing this concept and its implications preoccupied...

mutualists Lysander Spooner and Benjamin Tucker, while rejecting the labor theory of value. Rothbard's anarcho-capitalist society would operate under a mutually...

"substance" theories of value and "field" theories of value. He claims that "Marx vacillated between two mutually exclusive labor theories of value", which...

collapse. Central to Marx's analysis of capitalism in Das Kapital is his theory of surplus value, the unpaid labor which capitalists extract from workers...

Studies in the Labour Theory of Value (1956; second edition 1973) is a book about the labor theory of value by the economist Ronald L. Meek. The book...

earlier economists' labor theory of value. The hiring of labor power only results in the production of goods or services ("use-values") when organized and...

into the determinants of value; the determinant of value is the marginal utility. That is the opposite of the labor theory of value, maintained by classical...

the labor theory of value. Marx characterizes the value of labor as a relationship between the person and things and how the perceived exchange of products...

Texts, Basil Blackwell, Oxford. Meek, R.L. (1973.) Studies in the Labor Theory of Value, 2nd Edition, Lawrence & Wishart, London. Karl Marx, Capital Volume...

thus produced no new value. Critics of Marxian value theory object that labor is not the only source of value-added goods. Examples of such arguments: devaluations...

drives the allocation of materials and labor. Marx believed that the extension of the labor theory of value indicated that owners of productive means would...

The theory of basic human values is a theory of cross-cultural psychology and universal values developed by Shalom H. Schwartz. The theory extends previous...