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Use-Value, Exchange Value, and the Demise of Marx's Labor Theory of Value. Published online by Cambridge University Press: 11 June 2009. Steve Keen. Article. Metrics. Get access. Cite. Rights & Permissions. Extract. Karl Marx was the greatest champion of the labor theory of value.
- Steve Keen
- 1993
USE-VALUE, EXCHANGE VALUE, AND THE DEMISE OF MARX'S LABOR THEORY OF VALUE BY STEVE KEEN I. INTRODUCTION Karl Marx was the greatest champion of the labor theory of value. The logical problems of this theory have, however, split scholars of Marx into two factions: those who regard it as an indivisible compo-
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According to Marx, the gist of Proudhon’s attempt at a dialectic was that things of the lowest utility have the highest value, while those with the highest utility have the lowest value, and labor value provides a reconciliation between these two extremes.
10. Sept. 2020 · The labor theory of value—what, in Marx’s hands, some have called the “value theory of labor” (cf. Harvey 2018 and Elson 1979)—is apt for analyzing such a society because only in such a society does labor (or its products) appear as and is ruled by value in this way.
- Gregory Slack
- 2021
Use-Value, Exchange Value, and the Demise of Marx's Labor Theory of Value. Steve Keen ( debunking@gmail.com ) Journal of the History of Economic Thought, 1993, vol. 15, issue 1, 107-121. Abstract: Karl Marx was the greatest champion of the labor theory of value.
- Steve Keen
- 1993
Use-Value, Exchange Value, and the Demise of Marx's Labor Theory of Value. Author & abstract. Download. 6 Citations. Related works & more. Corrections. Author. Listed: Keen, Steve. Registered: Steve Keen. Abstract. Karl Marx was the greatest champion of the labor theory of value.
4. März 2021 · Marx approaches the constitution of abstract-labor equivalence as a question of the relational identities between commodities: commodities are different as concrete labor/use values but equivalent as abstract labor/exchange values (Aumeeruddy and Tortajada Citation 2015, 6).
