Labor theory of value
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| - | [http://commons.wikimedia.org/wiki/File:Jacopo_Tintoretto_028.jpg] [[Porträt einer Frau mit entblößtem Busen]] ([[1570]]) by Tintoretto, [[Museo del Prado]] | + | The '''labor theories of value''' (LTV) are heterodox [[theory of value (economics)|economic theories of value]] which argue that the [[Value (economics)|value]] of a [[commodity]] is related to the [[Labour economics|labor]] needed to produce or obtain that commodity. The concept is most often associated with [[Marxian economics]]. [[Marginal utility]] modified '''labor theories of value''' in mainstream economics by adding the concepts of marginality (the tendency of the consumer to substitute one product for another in the marketplace and for producers to substitute one commodity for another in the production of goods and services) and diminishing utility to the original labor theory. |
| - | <hr> | + | |
| - | [[Venus, Vulcan and Mars]] by [[Tintoretto]] | + | |
| - | <hr> | + | |
| - | [[Biblical eroticism]] is [[scarce]]. | + | |
| - | <hr> | + | ==See also== |
| - | :''[[Latin novel]], [[Greek novel]], [[Theagenes and Chariclea]]'' | + | {{Portal|Business and economics}} |
| - | <hr> | + | *[[Abstract labour and concrete labour|Abstract labor and concrete labor]] |
| - | [[Isabella Cortese]]'s ''[[Secreti]]'' | + | *[[Cost the limit of price]] |
| - | <hr> | + | *''[[In Time (film)|In Time]]'' |
| - | The Bon Bon of Love | + | *[[Law of value]] |
| + | *[[Prices of production]] | ||
| + | *[[Producerism]] | ||
| + | *[[Productive and unproductive labour|Productive and unproductive labor]] | ||
| + | *[[Surplus labour|Surplus labor]] | ||
| + | *[[Surplus product]] | ||
| + | *[[Surplus value]] | ||
| + | *[[Transformation problem]] | ||
| + | *[[Unproductive labour in economic theory|Unproductive labor in economic theory]] | ||
| + | *[[Value-form]] | ||
| - | "The [[clitoris]] is the [[bon bon of love]]." That's how Dr. [[Francesco Plazzoni]] described it back in 1631. | + | ===Competing theories=== |
| + | *[[Criticisms of the labour theory of value|Criticisms of the labor theory of value]] | ||
| + | *[[Marginalism]] | ||
| + | *[[Neo-Ricardianism]] | ||
| + | *[[Subjective Theory of Value]] | ||
| - | [[bonbon]] | ||
| - | <hr> | ||
| - | :''[[Renaissance popular culture]]'' | ||
| - | |||
| - | <hr> | ||
| - | Is "[[Tears of Eros]]" for its [[theory of labour]] inspired by "[[The Division of Labour in Society]]"? | ||
| - | |||
| - | <hr> | ||
| - | [[Lowrell]] | ||
| {{GFDL}} | {{GFDL}} | ||
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The labor theories of value (LTV) are heterodox economic theories of value which argue that the value of a commodity is related to the labor needed to produce or obtain that commodity. The concept is most often associated with Marxian economics. Marginal utility modified labor theories of value in mainstream economics by adding the concepts of marginality (the tendency of the consumer to substitute one product for another in the marketplace and for producers to substitute one commodity for another in the production of goods and services) and diminishing utility to the original labor theory.
[edit]
See also
- Abstract labor and concrete labor
- Cost the limit of price
- In Time
- Law of value
- Prices of production
- Producerism
- Productive and unproductive labor
- Surplus labor
- Surplus product
- Surplus value
- Transformation problem
- Unproductive labor in economic theory
- Value-form
[edit]
Competing theories
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