Labor theory of value
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The labor theory of value posits that the economic value of a good or service is determined by the socially necessary labor time required to produce it under prevailing conditions. The theory is usual
Adam Smith
David Ricardo
Andrew Kliman, a proponent of the Temporal Single-System Interpretation (TSSI) of the LTV
Das Kapital
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Capital: A Critique of Political Economy, also known as Das Kapital, is a foundational text in Marxist theory by Karl Marx. His magnum opus, the work is a critical analysis of political economy, meant
Labor theory of value
…undifferentiated, transhistorical concept of labor and failing to examine the historically specific form of labor that creates value. In the first chapter of Capital (1867), Marx begins his analysis with the commodity, which he identifies as the "simplest social form in which the product of labour presents itself…
Title page of the first German edition of Volume I (1867)
Georg Wilhelm Friedrich Hegel