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And what has all this got to do with the labour theory of value?
The labor theory of value has developed over many centuries.
For more on this view, see the discussion of the labor theory of value.
This is a perfectly clear labour theory of value.
As a result, "Smith ends up making little use of a labor theory of value."
This question is still used in discussions of the labor theory of value and related issues.
Within Marxian economics this is discussed under the labor theory of value.
Marx's work turned the labour theory of value, as the classicists used it, on its head.
Modern Marxists are divided about whether to retain the labour theory of value or not.
These men rooted their thought in Ricardian socialism and the labour theory of value.
This replaced the labor theory of value by a system of supply and demand.
He also pointed out some of the flaws in Marx's labor theory of value.
Smith confined the labour theory of value to a mythical pre-capitalist past.
Also, Tucker held a labor theory of value.
Different labor theories of value prevailed amongst classical economists through to the mid-19th century.
Many liberal economists believe that the Marxist labor theory of value has been "discredited".
Other classical economists presented variations on Smith, termed the 'labour theory of value'.
Thompson had proposed a labour theory of value before Karl Marx.
His labour theory of value, however, required several assumptions:
Whether or not this is consistent with the labor theory of value as presented in volume 1 has been a topic of debate.
Ricardo opens the first chapter with a statement of the labour theory of value.
Roemer would go on to reject the idea that the labour theory of value was necessary for explaining exploitation and class.
Thus science and technology become a leading productive force, rendering inoperative the conditions for Marx's labour theory of value.
This school focuses on the labor theory of value and what Marx considered to be the exploitation of labour by capital.
Ibn Khaldun also introduced the labor theory of value.