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...

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...

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...

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

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

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...

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...

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...

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...

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

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

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...

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

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...

on Marx's theory of value. Detroit: Black & Red, 1972. Ronald L. Meek, "Marx's economic method", in: Studies in the labour theory of value. New York:...

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...

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...

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

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

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...

Reserve army of labour is a concept in Karl Marx's critique of political economy. It refers to the unemployed and underemployed in capitalist society...

property rights. As proponents of the labour theory of value and labour theory of property, mutualists oppose all forms of economic rent, profit and non-nominal...

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'...

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

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...