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Why The Labor Theory Of Value Is Wrong?

January 24, 2024 by Amira Khan

Why The Labor Theory Of Value Is Wrong? Opponents of Marxian economics argue that the labor theory of value is disproven as commodities may diverge from the average price of production. … The quantities of labor or of other means of production applied to its production cannot, therefore, be the determining factor in the value

What Is Wage Labour According To Marx?

January 24, 2024 by Rachel Ostrander

What Is Wage Labour According To Marx? Wage labour is the mode of production in which the labourer sells their capacity to work as a commodity. The pre-condition for wage labour is a class of people who have no other way of living, and a class of people who own the means of production as