Marxian labor theory of value
E305915
The Marxian labor theory of value is an economic theory asserting that the value of a commodity is fundamentally determined by the socially necessary labor time required for its production.
All labels observed (4)
| Label | Occurrences |
|---|---|
| Marxian economics | 1 |
| Marxian labor theory of value canonical | 1 |
| Marxist theory of value | 1 |
| The Production of Commodities by Means of Commodities | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T2866233 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Marxian labor theory of value Context triple: [Eugen von Böhm-Bawerk, opposedTo, Marxian labor theory of value]
-
A.
The Process of Capitalist Production as a Whole
"The Process of Capitalist Production as a Whole" is the third volume of Karl Marx’s Das Kapital, in which he analyzes the overall dynamics of the capitalist system, including profit, interest, and the distribution of surplus value.
-
B.
The Economic Point of View
The Economic Point of View is a foundational work in Austrian economics by Israel Kirzner that clarifies and defends the distinct methodological perspective of economic science.
-
C.
The System of Economic Contradictions, or The Philosophy of Poverty
The System of Economic Contradictions, or The Philosophy of Poverty is an 1846 work by Pierre-Joseph Proudhon that offers a critical, dialectical analysis of capitalism and political economy from a socialist and anarchist perspective.
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D.
The Accumulation of Capital
The Accumulation of Capital is a seminal Marxist economic treatise by Rosa Luxemburg that analyzes imperialism and capitalist expansion through the lens of capital accumulation and its contradictions.
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E.
The Literature of Political Economy
The Literature of Political Economy is a 19th-century bibliographical and critical survey of economic writings compiled by Scottish economist John Ramsay McCulloch.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Marxian labor theory of value Target entity description: The Marxian labor theory of value is an economic theory asserting that the value of a commodity is fundamentally determined by the socially necessary labor time required for its production.
-
A.
The Process of Capitalist Production as a Whole
"The Process of Capitalist Production as a Whole" is the third volume of Karl Marx’s Das Kapital, in which he analyzes the overall dynamics of the capitalist system, including profit, interest, and the distribution of surplus value.
-
B.
The Economic Point of View
The Economic Point of View is a foundational work in Austrian economics by Israel Kirzner that clarifies and defends the distinct methodological perspective of economic science.
-
C.
The System of Economic Contradictions, or The Philosophy of Poverty
The System of Economic Contradictions, or The Philosophy of Poverty is an 1846 work by Pierre-Joseph Proudhon that offers a critical, dialectical analysis of capitalism and political economy from a socialist and anarchist perspective.
-
D.
The Accumulation of Capital
The Accumulation of Capital is a seminal Marxist economic treatise by Rosa Luxemburg that analyzes imperialism and capitalist expansion through the lens of capital accumulation and its contradictions.
-
E.
The Literature of Political Economy
The Literature of Political Economy is a 19th-century bibliographical and critical survey of economic writings compiled by Scottish economist John Ramsay McCulloch.
- F. None of above. chosen
Statements (50)
| Predicate | Object |
|---|---|
| instanceOf |
component of Marxian economics
ⓘ
economic theory ⓘ value theory ⓘ |
| appliesTo |
capitalist mode of production
ⓘ
commodity-producing societies ⓘ |
| associatedWith |
Friedrich Engels
ⓘ
Karl Marx ⓘ |
| assumes |
commodities are products of human labor
ⓘ
labor is the source of new value ⓘ |
| centralText |
A Contribution to the Critique of Political Economy
ⓘ
Das Kapital ⓘ
surface form:
Capital, Volume I
|
| coreConcept | value determined by socially necessary labor time ⓘ |
| criticizedBy |
Austrian School of economics
ⓘ
marginalist economists ⓘ neoclassical economics ⓘ |
| criticizes | marginal utility theory of value ⓘ |
| defines | value of a commodity ⓘ |
| developedBy | Karl Marx ⓘ |
| distinguishes |
labor power and labor
ⓘ
use value and exchange value ⓘ |
| field |
heterodox economics
ⓘ
political economy ⓘ |
| goal | explain capitalist exploitation structurally ⓘ |
| implies |
capitalist profit arises from unpaid labor
ⓘ
workers receive less value than they create ⓘ |
| influencedBy |
Adam Smith
ⓘ
David Ricardo ⓘ classical labor theory of value ⓘ |
| introducedIn | 19th century ⓘ |
| keyConcept |
constant capital
ⓘ
exchange value ⓘ necessary labor time ⓘ organic composition of capital ⓘ surplus labor time ⓘ surplus value ⓘ use value ⓘ variable capital ⓘ |
| namedAfter | Karl Marx ⓘ |
| partOf |
Marxian labor theory of value
self-linksurface differs
ⓘ
surface form:
Marxian economics
critique of political economy ⓘ |
| relatedConcept |
law of value
ⓘ
prices of production ⓘ transformation problem ⓘ |
| usedToExplain |
exploitation of labor
ⓘ
profit in capitalist production ⓘ relationship between labor and capital ⓘ surplus value ⓘ |
| valueDeterminedBy |
abstract human labor
ⓘ
average labor time under normal conditions of production ⓘ socially necessary labor time ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Marxian labor theory of value Description of subject: The Marxian labor theory of value is an economic theory asserting that the value of a commodity is fundamentally determined by the socially necessary labor time required for its production.
Referenced by (4)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
Marxist theory of value
this entity surface form:
Marxian economics
this entity surface form:
The Production of Commodities by Means of Commodities