Labor Theory of Value

The labor theory of value has long been one of the central pillars of political economy, particularly Marxism. Contrary to popular opinion, Karl Marx did not invent this notion—it was also used by Adam Smith and David Ricardo—but he gave it ...

  • Loading...
locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles