Peng Bi
Abstract
Marx's labor Value Theory differs in principle from D·Richardo's labor value theory of classical political economy.It is utterly wrong to understand the disagreement of the consumed amount of labor and the formed magnitude of value as the inevitable conflict caused by Marx's Labor Value Theory.
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Marx's labor Value Theory differs in principle from D·Richardo's labor value theory of classical political economy.It is utterly wrong to understand the disagreement of the consumed amount of labor and the formed magnitude of value as the inevitable conflict caused by Marx's Labor Value Theory.
Key concepts: Viewpoints, Labor theory of value, Economics, Value (mathematics), Neoclassical economics, Value theory, Use value, Positive economics