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...

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...

"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...

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...

Value theory is the systematic study of values. Also called axiology, it examines the nature, sources, and types of values. As a branch of philosophy,...

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...

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...

"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...

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...

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

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...

Marx's theory of economic value at the very least fares no worse than the subjective theory of value (the theory of the util as the measuring unit of exchange)...

can create new value (following the labor theory of value), and that there was a tendency over time for ratio of capital to labor (in value terms) to rise...

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...

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

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,...

useful purpose. In Karl Marx's critique of political economy, any product has a labor-value and a use-value, and if it is traded as a commodity in markets...

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...

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...

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...

set amount of money per hour. labor economics labor rights labor theory of value Laffer curve laissez-faire Lange model Lausanne school law of demand An...

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...

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

a labor theory of value, though Khaldun did not refer to it as either a labor theory of value or theory. Ibn Khaldun outlines an early example of political...

of the theory of value and distribution for circular reasoning, in particular as far as concerns rent, and that Ricardo considers the labor theory of...

Labour process theory (LPT) is a Marxist theory of the organization of work under capitalism. Researchers in critical management studies, organization...

developed a theory of capitalist exploitation from the theory developed by Ricardo that stated that labor is the source of all wealth and exchange value. This...

what Marx (under the labor theory of value) perceived as surplus-value, i.e., doing work beyond that necessary to maintain their labor power. Though having...