To Each According to His Work" is not Merely a Principle of Distribution to Personal Consumption
Xue Chen
Abstract
Xue Chen
Abstract
The labor theory of value is a theoretic basis of the principle of To each according to his work. Under a unitary system of the ownership by the whole society, the principle of To each according to his work is only a distribution to his personal consumption or a part of his payment, which is in agreement with Marxist labor theory of value. However, with the public ownership as the mainstay, in co existence with diversified ownership and under the market economy, only the principle of To each according to his work includes his payment in quantity and part of the profit, can we say it conforms to Marxist labor theory of value.
A significance statement is not available in the OpenAlex record.
A contribution statement is not available in the OpenAlex record.
Method details are not available in the OpenAlex metadata.
Findings are not separately available in the OpenAlex metadata.
Limitations are not available in the OpenAlex metadata.
Application details are not available in the OpenAlex metadata.
The labor theory of value is a theoretic basis of the principle of To each according to his work. Under a unitary system of the ownership by the whole society, the principle of To each according to his work is only a distribution to his personal consumption or a part of his payment, which is in agreement with Marxist labor theory of value. However, with the public ownership as the mainstay, in co existence with diversified ownership and under the market economy, only the principle of To each according to his work includes his payment in quantity and part of the profit, can we say it conforms to Marxist labor theory of value.
Key concepts: Marxist philosophy, Payment, Labor theory of value, Unitary state, Value theory, Consumption (sociology), Profit (economics), Economics