Qin Hua
Abstract
The labor theory, the value theory on essential factors of production and the knowledge value theory are several representative value theories in commodity economy, which have been put forward against different historical background and indicate different economic ideas. This paper clarifies the writer's views on the theories' formation and essence.
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The labor theory, the value theory on essential factors of production and the knowledge value theory are several representative value theories in commodity economy, which have been put forward against different historical background and indicate different economic ideas. This paper clarifies the writer's views on the theories' formation and essence.
Key concepts: Commodity, Value (mathematics), Value theory, Economics, Use value, Labor theory of value, Neoclassical economics, Positive economics