On Labor Value Theory and other Four Kinds of Value Theories

Value theory is a kind of economics' basic theory, which relates to static resource allocation, property right relation, and wealth distribution. Beside labor value theory, there are other four kinds of value theories in western economics circle, i.e. money value theory, use-value value theory, production factor value theory, and supply-demand value theory. The author gives some opinions on the issue of labor value theory's innovation and development, while reviewing other four value theories.