Articles liés à The Theory of Value in Adam Smith and Karl Marx

The Theory of Value in Adam Smith and Karl Marx - Couverture souple

Reyes Marmolejos, Francisco Antonio

 
9798270080464: The Theory of Value in Adam Smith and Karl Marx
Couverture souple
ISBN 13 : 9798270080464
Editeur : Independently published, 2025

Synopsis

Smith upheld the labor theory of value in its early form, according to which the value of a good is determined by the amount of labor required for its production. However, he later emphasized the market price, which is influenced by supply and demand. Marx, on the other hand, adopted the labor theory of value and further developed it: for him, the value of a commodity lies in the socially necessary labor time required for its production. Marx saw this as the foundation of exploitation under capitalism, since workers create more value than they receive in the form of wages.

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Éditeur
Independently published
Date d'édition
2025
Langue
anglais
ISBN 13 
9798270080464
Reliure
Broché
Nombre de pages
61
Coordonnées du fabricant
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