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单词 labour theory of value
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labour theory of value
labour theory of value n. Political Economy (esp. in Marxist economic thought) the theory that the value of a commodity is influenced or determined by the amount of labour expended in its production (cf. value theory n. (a) at value n. Compounds 2).
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society > trade and finance > management of money > management of national resources > [noun] > political economy > specific theories or doctrines > value theory
value theory1871
labour theory of value1888
imputation1893
1888 Q. Jrnl. Econ. 3 27 The criticisms passed by him..on such views as..the ‘labor theory’ of value, masterly as they often are..might have been used by economists like Wagner or Cohn.
1971 I. Deutscher Marxism in our Time (1972) i. 18 In the classical economy..Marx saw the main elements out of which he developed his own theory, especially the labor theory of value.
2000 Econ. & Philos. 16 39 The theoretical foundations of Genovesi's economics are significantly different from Smith's: Genovesi presents a subjective theory of value, in contrast to the labour theory of value used by Smith.
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