Correctly Understand Marx's Theory of Labor Value by Starting with Basic Theory
Wang Yan
Abstract
Wang Yan
Abstract
With the discussion of Marx's value theory of labor, many ideas, which modify, develop or negate the valuetheory, come into being. These people with ideas negating or modifying the value theory of labor have misunderstood the Marx's theory; because they haven't understood the essence of Marx's value theory of labor about labor, value, magnitude of valuedetermination and demand. There is no logical contradiction basically in Marx's value theory of 1abor. What's more, the theorycan explain the realities to some extend still has its real meaning.
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With the discussion of Marx's value theory of labor, many ideas, which modify, develop or negate the valuetheory, come into being. These people with ideas negating or modifying the value theory of labor have misunderstood the Marx's theory; because they haven't understood the essence of Marx's value theory of labor about labor, value, magnitude of valuedetermination and demand. There is no logical contradiction basically in Marx's value theory of 1abor. What's more, the theorycan explain the realities to some extend still has its real meaning.
Key concepts: Labor theory of value, Value (mathematics), Contradiction, Value theory, Economics, Neoclassical economics, Meaning (existential), Use value