The Labor Theory of Value: A Marginal Analysis
This article presents the marginal approach to the labor theory of value. The difficulties of the classical and Marxian labor theory of value are overcome when labor value is understood as marginal labor value analogously to marginal cost. Marginal labor value is the reciprocal of the marginal produ...
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| Format: | Article |
| Language: | English |
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Pluto Journals
2014-06-01
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| Series: | World Review of Political Economy |
| Online Access: | https://www.scienceopen.com/hosted-document?doi=10.13169/worlrevipoliecon.5.2.0231 |