2002Economic SurveyRequires access

How to Understand the Theory of Labor Value

Zhou Xin-cheng

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Abstract

In order to further understand the theory of labor value, we must clarify the original meaning of Marx's theory of labor value. Marxism develops itself with the advancement of time, but this means the fundamental principles of Marxism can be used to analyze new situations, new issues and reach new conclusions. Such relevant concepts in the theory of labor value as the production of value, the production of use value, the construction of value and the distribution of value must be distinguished from each other in order to clarify their different connotations.

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In order to further understand the theory of labor value, we must clarify the original meaning of Marx's theory of labor value. Marxism develops itself with the advancement of time, but this means the fundamental principles of Marxism can be used to analyze new situations, new issues and reach new conclusions. Such relevant concepts in the theory of labor value as the production of value, the production of use value, the construction of value and the distribution of value must be distinguished from each other in order to clarify their different connotations.

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Available abstract

In order to further understand the theory of labor value, we must clarify the original meaning of Marx's theory of labor value. Marxism develops itself with the advancement of time, but this means the fundamental principles of Marxism can be used to analyze new situations, new issues and reach new conclusions. Such relevant concepts in the theory of labor value as the production of value, the production of use value, the construction of value and the distribution of value must be distinguished from each other in order to clarify their different connotations.

Key concepts: Value (mathematics), Labor theory of value, Value theory, Order (exchange), Use value, Production (economics), Meaning (existential), Positive economics

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