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...

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...

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...

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

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...

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...

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...

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

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...

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...

Marginalism is a theory of economics that attempts to explain the discrepancy in the value of goods and services by reference to their secondary, or marginal...

principle that labour is not a commodity Commodity Fictitious commodities Labor theory of value Criticism of capitalism O'Higgins, P., 'Labour is not a Commodity'...

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

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

Labor rights Labour (economics) Labour theory of value Marxian critique of political economy Marx's theory of alienation Paid time off Rate of exploitation...

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...

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

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'...

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

labour time to produce it (Note: the first link is to a non-Marxian definition of value); a use value (or utility); an exchange value, which is the proportion...

by the Physiocrats), but in Das Kapital, Theories of Surplus Value and the Grundrisse Marx gave the concept a central place in his interpretation of economic...

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