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Labor theory of value

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The labor theories of value (LTV) are theories in economics according to which the values of commodities are related to the labor needed to produce them. There are many different accounts of labor value, with the common element that the "value" of an exchangeable good or service is, or tends to be, or can be considered as, or "is to be measured as" equal or proportional to the amount of labor... Read enhanced Wikipedia article
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    Labor theory of value

    The labor theories of value (LTV) are theories in economics according to which the values of commodities are related to the labor needed to produce them.
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    Individualist anarchism

    Most of the individualist anarchists of the 19th and 18th centuries adhered to a labor theory of value, and therefore saw profit as unjust.
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    Anarchism and anarcho-capitalism

    Accepting the labor theory of value and the resulting "cost principle" as a premise marks one of mutualism's main conflicts with anarcho-capitalism.
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    Anarcho-capitalism

    This led him to believe that the labor theory of value would be vindicated, and equal amounts of labor would receive equal pay.
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    Subjective theory of value

    The theory contrasts with normative versions of the labor theory of value that say the exchange value of a good should be proportional to how much labor went into producing it.
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    Law of value

    labor theory of value
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    Cost-of-production theory of value

    Ricardo also refutes the labor theory of value in later sections of that chapter.
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    Theory of value (economics)

    An example is the labor theory of value which says that prices in a market economy are a function of how much labor was put into the production of a product.
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    Intrinsic theory of value

    For instance, the labor theory of value - the most influential of the intrinsic theories - holds that the value of an item comes from the amount of labor spent producing said item.
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    Mutualism (economic theory)

    The labor theory of value holds that the actual price of a thing (or the "true cost") is the amount of labor that was undertaken to produce it.

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Labor theory of value