Labour theory of value

GPTKB entity

Statements (33)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:appliesTo commodities
gptkbp:basisFor theory of profit
Marxist critique of capitalism
theory of class struggle
theory of exploitation
gptkbp:centralTo gptkb:Das_Kapital
gptkbp:contrastsWith marginal utility theory
gptkbp:criticizedFor neoclassical economists
ignoring subjective value
difficulty in measuring labor
ignoring capital inputs
gptkbp:debatedBy gptkb:John_Stuart_Mill
gptkb:Piero_Sraffa
gptkb:Eugen_von_Böhm-Bawerk
gptkbp:describes value of a good is determined by the labor required to produce it
gptkbp:focusesOn socially necessary labor time
gptkbp:historicallyDebatedIn classical economics
https://www.w3.org/2000/01/rdf-schema#label Labour theory of value
gptkbp:influenced Marxian economics
socialist economics
labor theory of property
value-form theory
gptkbp:influencedBy classical political economy
gptkbp:originatedIn 18th century
gptkbp:proposedBy gptkb:Adam_Smith
gptkb:David_Ricardo
gptkb:Karl_Marx
gptkbp:relatedTo surplus value
exchange value
use value
gptkbp:bfsParent gptkb:The_Labour_Theory_of_Value:_A_Re-examination_of_Some_Recent_Criticisms_(1984)
gptkbp:bfsLayer 8