Examples of 'labour theory' in a sentence
Meaning of "labour theory"
labour theory: a concept that explains the value of goods and services based on the amount of labor required for their production. This phrase is often used in economics to discuss theories regarding the relationship between labor, productivity, and the pricing of commodities
How to use "labour theory" in a sentence
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labour theory
This is called the labour theory of value.
The labour theory of value is a type of objective value theory.
This is a perfectly clear labour theory of value.
It should also be recognised that moonlighting occupies a special place in labour theory.
He considered the labour theory of value was wrong.
It had been originally formulated by Marx in terms of the labour theory of value.
Studies in the labour theory of value.
The true descendant of the doctrines of Aquinas is the labour theory of value.
Thompson had proposed a labour theory of value before Karl Marx.
Some proposed systems which advocate labour vouchers, namely participism, reject the labour theory of value.
Smith in fact argued that the Labour Theory of Value only applied to primitive societies.
This in its simplest form, is the basis of the labour theory of value.
This is the core of the Labour Theory of Value that Marx helped to develop.
But nowhere, in fact, did Marx declare his allegiance to the labour theory of value.
Marx 's labour theory of value identifies labour as the source of value.
See also
Marxists believe in the labour theory of value.
Criticisms of the labour theory of value - often arise from an economic criticism of Marxism.
Nor does it support his labour theory of value.
Expounding the labour theory of value, Marx denies that constant capital can produce new values.
This position can be seen as a labour theory of value.
It starts with the labour theory of value, which was not something that Marx invented.
But only classical Marxists anchor their acceptance in Marx 's labour theory of value.
Here Marx elaborated his labour theory of value, which had been influenced by Thomas Hodgskin.
Due account may have been taken of John Locke's labour theory of property.
The labour theory of value reveals,.
This argument, however, does not bind us to the labour theory refuted above.
The labour theory of value has two aspects, one ethical, the other economic.
This labour determines the value of goods ( see labour theory of value ).
Bowles considers that Marx 's labour theory of value was “ pioneering, but inconsistent and outdated ”.
For example, many self-styled Marxist political economists reject Marx 's labour theory of value.
Why not Marx 's labour theory of value?
So professional ( bourgeois ) economists abandoned the labour theory of value, first for “ marginal utility ”.
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