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Journal articles on the topic 'The labor theory of value'

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Published: 5 June 2025

Last updated: 1 August 2025

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1

Baeza and González. "Labor Productivity and Marxist Theory of Labor Value." World Review of Political Economy 11, no. 3 (2020): 377. http://dx.doi.org/10.13169/worlrevipoliecon.11.3.0377.

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2

耿, 文秀. "Digital Labor in the Marxist Labor Theory of Value." Advances in Philosophy 13, no. 06 (2024): 1205–11. http://dx.doi.org/10.12677/acpp.2024.136180.

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3

Keen, Steve. "Use-Value, Exchange Value, and the Demise of Marx's Labor Theory of Value." Journal of the History of Economic Thought 15, no. 1 (1993): 107–21. http://dx.doi.org/10.1017/s1053837200005290.

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Karl Marx was the greatest champion of the labor theory of value. The logical problems of this theory have, however, split scholars of Marx into two factions: those who regard it as an indivisible component of Marxism, and those who wish to continue the spirit of analysis begun by Marx without the labor theory of value. In the debate between these two camps, the former has attempted to draw support from Marx's concepts of value, while the latter has ignored them, taking instead as their starting point the truism that production generates a surplus. Nevertheless, a careful examination of the de

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4

Collins, Jane L. "Expanding the labor theory of value." Dialectical Anthropology 40, no. 2 (2016): 103–23. http://dx.doi.org/10.1007/s10624-016-9418-5.

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5

Bellofiore, Riccardo. "A Monetary Labor Theory of Value." Review of Radical Political Economics 21, no. 1-2 (1989): 1–25. http://dx.doi.org/10.1177/048661348902100103.

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6

Wu, J., and Z. Wu. "Value equilibrium analysis based on the New Theory of Value. I." Russian Journal of Industrial Economics 16, no. 2 (2023): 13–26. http://dx.doi.org/10.17073/2072-1633-2023-2-141-154.

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The (traditional) labor theory of value, founded by Smith with the basic axiom that labor determines value, and supplemented and improved by Marx with the axiom that labor creates surplus-value. Neoclassical economics newly studied the utility theory of value, but it abandoned the traditional labor theory of value and theory of surplus-value. Under the basic axiomatic system analogous to theoretical mechanics, the above three theories of value has been included and developed by the new theory of value, which established the value complex variable function including three basic quantities of qu

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7

韦, 畅. "Digital Labor from the Perspective of Marxist Labor Value Theory." Advances in Philosophy 13, no. 07 (2024): 1429–35. http://dx.doi.org/10.12677/acpp.2024.137212.

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8

Mohun, Simon. "Productive and Unproductive Labor in the Labor Theory of Value." Review of Radical Political Economics 28, no. 4 (1996): 30–54. http://dx.doi.org/10.1177/048661349602800402.

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9

Mossoff, Adam. "SAVING LOCKE FROM MARX: THE LABOR THEORY OF VALUE IN INTELLECTUAL PROPERTY THEORY." Social Philosophy and Policy 29, no. 2 (2012): 283–317. http://dx.doi.org/10.1017/s0265052511000288.

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AbstractThe labor theory of value is fundamental to John Locke’s justification for property rights, but Edwin Hettinger argues in a famous article, “Justifying Intellectual Property,” that it fails to justify intellectual property rights. Hettinger believes that the labor theory of value cannot justify a right to the full economic value in an invention or book, because the creator’s physical labor contributes only proportionally to this socially-created market value. Robert Nozick, G. A. Cohen, and other philosophers similarly dismiss the labor theory of value as illogical or incoherent. But t

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10

ERAY, Sinem. "LABOR THEORY OF VALUE AND OVERCOMING ALIENATION." JOURNAL OF ACADEMIC SOCIAL RESOURCES 6, no. 23 (2021): 296–301. http://dx.doi.org/10.31569/asrjournal.190.

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11

Saraka, Sean, and William Corlett. "Class Action: Reading Labor, Theory and Value." Labour / Le Travail 47 (2001): 266. http://dx.doi.org/10.2307/25149142.

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12

Peach, Terry. "Adam Smith’s Labor Theory of (Real) Value." History of Political Economy 52, no. 1 (2020): 171–90. http://dx.doi.org/10.1215/00182702-8009597.

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This article provides a rebuttal of Roy H. Grieve’s critique of Peach 2009, “Adam Smith and the Labor Theory of (Real) Value: A Reconsideration.” It is shown that Grieve cannot represent accurately the position he purports to criticize, that his criticisms are directed at phantom targets of his own creation, that his grasp of central concepts (including the labor theory of value) is flawed, and that he simply ignores material that does not suit his mordacious ends. Although Grieve’s stated purpose is to defend the scholarly status quo, it is argued that his misplaced efforts do nothing to salv

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13

Bellofiore, Riccardo, and Riccardo Realfonzo. "Finance and the Labor Theory of Value." International Journal of Political Economy 27, no. 2 (1997): 97–118. http://dx.doi.org/10.1080/08911916.1997.11643948.

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14

Ehrbar, Hans. "Mathematics and the Labor Theory of Value." Review of Radical Political Economics 21, no. 3 (1989): 7–12. http://dx.doi.org/10.1177/048661348902100303.

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15

谷, 家圆. "Research on Value Creation in Digital Labor—Based on Marx’s Labor Theory of Value." Advances in Philosophy 13, no. 12 (2024): 3266–72. https://doi.org/10.12677/acpp.2024.1312481.

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16

Finger, Barry. "The Transformation Problem: Labor Theory or Command Theory of Value?" Critique 49, no. 3-4 (2021): 233–55. http://dx.doi.org/10.1080/03017605.2021.2000755.

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17

Bodrikov, M. "Labor Theory of Value: Problems and Historical Significance." Voprosy Ekonomiki, no. 4 (April 20, 2008): 110–29. http://dx.doi.org/10.32609/0042-8736-2008-4-110-129.

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The article considers basic propositions of the labor theory of value and related discussions in modern economic literature. It also analyzes different approaches to the solution of the transformation problem. The author shows that the first and unique attempt to ground this theory was made by K. Marx. He also affirms that Marx’s proof has no logical contradictions, but is true only in the specific case of production with one initial resource. The hypothesis is introduced that the Marxist model of the value-price is the convenient basis for construction of the general theory of value.

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18

Cotter, Jennifer. "New Materialism and the Labor Theory of Value." Minnesota review 2016, no. 87 (2016): 171–81. http://dx.doi.org/10.1215/00265667-3630928.

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19

Meoqui, J. M. "Comparative Advantage and the Labor Theory of Value." History of Political Economy 43, no. 4 (2011): 743–63. http://dx.doi.org/10.1215/00182702-1430301.

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20

Klaus Hagendorf. "The Labor Theory of Value: A Marginal Analysis." World Review of Political Economy 5, no. 2 (2014): 231. http://dx.doi.org/10.13169/worlrevipoliecon.5.2.0231.

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21

FOLEY, D. "Recent developments in the labor theory of value." Review of Radical Political Economics 32, no. 1 (2000): 1–39. http://dx.doi.org/10.1016/s0486-6134(00)88759-8.

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22

Foley, Duncan K. "Recent Developments in the Labor Theory of Value." Review of Radical Political Economics 32, no. 1 (2000): 1–39. http://dx.doi.org/10.1177/048661340003200101.

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23

Swanson, Paul A. "The Labor Theory of Value and Fixed Capital." Review of Radical Political Economics 18, no. 3 (1986): 44–64. http://dx.doi.org/10.1177/048661348601800303.

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24

陈, 晓梅. "Marx’s Alienated Labor Theory and Its Contemporary Value." Advances in Philosophy 12, no. 12 (2023): 2383–89. http://dx.doi.org/10.12677/acpp.2023.1212389.

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25

Persky, Joseph. "Marshall's Neo-Classical Labor-Values." Journal of the History of Economic Thought 21, no. 3 (1999): 257–68. http://dx.doi.org/10.1017/s1053837200004259.

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With the coming of marginal utility theory, the economists of the late nineteenth century were left with a theory of exchange values, but not with a theory of value. For example, William Stanley Jevons suggested that the concept of value be dropped from economics, leaving behind only vectors of exchange ratios (Jevons 1879). Not a few general equilibrium economists today hold much the same view. However, then, as today, there were seemingly fundamental economic questions that required a more general concept of value. Whenever economists turned to describing the movements in the economy over ti

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26

Dorfman, Robert. "Modernizing Böhm-Bawerk's Theory of Interest." Journal of the History of Economic Thought 23, no. 1 (2001): 37–54. http://dx.doi.org/10.1080/10427710120045637.

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In 1690, John Locke proclaimed, “Whatsoever [anyone]; removes out of the State that Nature hath provided … hath mixed his Labour with, and joyned to it something that is his own, and thereby makes it his Property.” Ever since this dictum was pronounced philosophers, economists, and, especially, capital theorists have been embarrassed by the virtually universal disregard of it in practice. At the very inception of economic theorizing, Ricardo declared that explaining the division of the national income into wages, rents, and interest was “the principal problem in Political Economy.” He proposed

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27

Grieve, Roy H. "On Terry Peach’s Unconvincing “Reconsideration” of Adam Smith’s Theory of Value." History of Political Economy 51, no. 4 (2019): 753–77. http://dx.doi.org/10.1215/00182702-7685224.

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In a recent paper Terry Peach argues that Adam Smith found no reason to limit application of the labor-embodied theory of value to the early and rude state of society. According to Peach, Smith—having found a problem in employing the labor-commanded measure of value in the case of the contemporary commercial economy—somewhat surreptitiously abandoned labor-commanded and adopted instead labor-embodied as a generally valid theory of exchange value. Peach shows a propensity to find what he considers “labor-commanded” usages in Smith’s work. However, I find Peach’s rather startling “Reconsideratio

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28

Angosto-Ferrández, Luis F. "The child everyone has inside: anthropology and the labor theory of value." Dialectical Anthropology 46, no. 1 (2022): 1–16. http://dx.doi.org/10.1007/s10624-022-09649-6.

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AbstractThis paper revisits the debate on the relevance of the labor theory of value for the anthropological task. It argues that the labor theory of value can creatively inform and reformulate in critical ways a variety of social issues addressed through anthropological lenses. The argument is sustained by two main exercises: first, a critical overview of the foundations of the labor theory of value outlines the reasons why it opened new grounds for anthropological and, more generally, for social-scientific enquiries. Second, a discussion of the key points of friction between scholarship that

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29

Zhao, Feng, Jianbao Zhang, and Zhen Luo. "Market competition, labor value and price: a Marxist disequilibrium theoretical and empirical framework." China Political Economy 7, no. 1 (2024): 47–71. http://dx.doi.org/10.1108/cpe-06-2024-040.

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PurposeThe correlations and deviations between market prices, production prices and values are critical indexes for testing the labor theory of value. However, there is not yet a universally accepted method of solving for the production price vector, and given the complexity and volatility of economic dynamics, production prices based on the assumption of economic equilibrium cannot be accurate measuring. This paper attempts to propose a new approach to test the labor theory of value.Design/methodology/approachThis paper proposes a different approach. From the perspective of disequilibrium pri

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30

Caffentzis, George. "The Oil Paradox and the Labor Theory of Value." Minnesota review 2016, no. 87 (2016): 160–70. http://dx.doi.org/10.1215/00265667-3630916.

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31

Tsogas, George. ""Cognitive Capitalism, Organization, and the Labor Theory of Value"." Academy of Management Proceedings 2014, no. 1 (2014): 16457. http://dx.doi.org/10.5465/ambpp.2014.16457abstract.

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32

Correa. "The Value Theory of Labor Based on Marginalist Principles." World Review of Political Economy 10, no. 1 (2019): 95. http://dx.doi.org/10.13169/worlrevipoliecon.10.1.0095.

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33

DiQuattro, Arthur. "The Labor Theory of Value and Simple Commodity Production." Science & Society 71, no. 4 (2007): 455–83. http://dx.doi.org/10.1521/siso.2007.71.4.455.

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34

Fuchs, Christian. "The Information Economy and the Labor Theory of Value." International Journal of Political Economy 46, no. 1 (2017): 65–89. http://dx.doi.org/10.1080/08911916.2017.1310475.

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35

Beller, Jonathan. "Grammar of the McMultitudes: The Labor (Value) of Theory." Communication and Critical/Cultural Studies 7, no. 1 (2010): 106–13. http://dx.doi.org/10.1080/14791420903533127.

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36

Oktriani, Tuti, Ermawati Ermawati, and Hafni Bachtiar. "The Difference Of Pain Labour Level With Counter Pressure And Abdominal Lifting On Primigravida In Active Phase of First Stage Labor." Journal of Midwifery 3, no. 2 (2018): 45. http://dx.doi.org/10.25077/jom.3.2.45-52.2018.

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Nowadays many methods are offered to reduce pain in labor, both pharmacological (using drugs) and non pharmacological methods. If possible the choice of non-pharmacologic therapy for the management of pain in pregnancy and labor should be considered before using analgesic drugs. One of an effective non-pharmacological method to reduce pain is with massage. The basis of this theory is the gate control theory proposed by Melzak and Wall (Lliadou, 2009).This study aimed to analyze diference of pain relief on active phase of labour with Counter Pressure and abdominal Lifting. This was an experimen

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37

Starosta, Guido, and Gastón Caligaris. "The Commodity Nature of Labor-Power." Science & Society 80, no. 3 (2016): 319–45. https://doi.org/10.1521/siso.2016.80.3.319.

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Some recent Marxist contributions, among them the so-called New Solution to the “transformation problem,” call into question the idea of labor-power as a fully-fledged commodity. Yet, the rejection of the commodity nature of labor-power compromises Marx’s whole explanation of the origin of surplus-value on the basis of the exchange of equivalents. It can be shown, however, that it is possible to offer a positive case for the commodity-nature of labor-power which is consistent with Marx’s broader dialectical investigation of the determinations of the value-form. This req

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38

Dinner, Igor V. "Youth labor values in the context of generational theory." Herald of Omsk University. Series: Economics 21, no. 1 (2023): 44–53. http://dx.doi.org/10.24147/1812-3988.2023.21(1).44-53.

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The article deals with the issues of transformation taking place in the economy and directly affecting the labor values of young people. The emerging values and labor behavior of modern youth in a market economy are compared with the labor behavior of generations who received education and first work experience in a different economic model. Trends in changing labor values of youth orientations affect social and labor relations and lead to a number of relevant contradictions. The prerequisites for these changes are various internal and external factors. From the side of external factors, the i

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39

Karataşli, Şahan Savaş, and Derek Clark. "Ibn Khaldun’s Labor Theory of Value and the Question of Race." Journal of World-Systems Research 30, no. 1 (2024): 302–38. http://dx.doi.org/10.5195/jwsr.2024.1195.

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In the first volume of Capital, Marx argued that the labor theory of value could only be discovered in capitalist societies. Building on Marx’s premise, this article examines Ibn Khaldun’s (1377) The Muqaddimah, which presents one of the first labor theories of value in world history. After explaining different elements of Ibn Khaldun’s labor theory of value, the article revisits what Giovanni Arrighi referred to as the “nondebates of the 1970s” and proposes that North Africa was already incorporated into an Italian centered capitalist world-economy in the fourteenth century. Since a key eleme

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40

Daubigney, J. P., and G. Meyer. "La théorie marxiste du salaire." Articles 56, no. 1 (2009): 60–79. http://dx.doi.org/10.7202/600889ar.

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Abstract This article develops and discusses the foundations of the marxist wage-theory. According to this theory, the labor force is a commodity, so it has a use value and an exchange value. Exchange value becomes a price and the wage, on a market, becomes the labor market. A detailed examination of these statements leads to several critical remarks. The main one is that the theory cannot describe and explain the contents of the value of the labor force and is unable to understand how the exchange value of labor force is changing in a price: the wage. That is a fundamental critique from the m

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41

Bellofiore, Riccardo. "The Multiple Meanings of Marx’s Value Theory." Monthly Review 69, no. 11 (2018): 31. http://dx.doi.org/10.14452/mr-069-11-2018-04_3.

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The Marxian critique of political economy is inseparable from the "labor theory of value." But what exactly does this theory mean? This article considers Marx's value theory from five perspectives: as a monetary value theory, a theory of exploitation, a macro-monetary theory of capitalist production, a theory of individual prices, and a theory of crises.Click here to purchase a PDF version of this article at the Monthly Review website.

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42

Borg, George. "Whose Labor? Labor, Appropriation, and the Very Idea of Full Automation." Science & Society 87, no. 3 (2023): 359–84. http://dx.doi.org/10.1521/siso.2023.87.3.359.

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Is a “fully automated” capitalism possible? According to Marx's labor theory of value (LTV) and the theory of surplus-value derived from it, a fully automated economy cannot be profitable. To refute the theory, critics have put forth various thought experiments claiming to show that a fully automated but profitable capitalist economy is conceivable. I argue that the thought experiments fail to demonstrate conceivability, because they misunderstand the role of labor in a commodity economy. In the latter, labor is a means for acquiring the property of others, and so it cannot be eliminated so lo

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43

Tsoulfidis, Lefteris. "ADAM SMITH’S THEORY OF VALUE AND THE FALLING RATE OF PROFIT: UNCOMMON CONCEPTIONS AND COMMON MISCONCEPTIONS." Investigación Económica 83, no. 330 (2024): 28–52. http://dx.doi.org/10.22201/fe.01851667p.2024.330.89801.

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Smith’s theory of value and distribution, which emphasizes labor time as the determinant of prices, has been widely misunderstood. Ricardo misinterpreted it as relevant only to primitive societies, while Marx inaccurately aligned it with his own labor theory of value. In reality, Smith’s perspective oscillates between a labor-based and a labor-commanded approach to relative prices, intended for modern economies. Neoclassical economists further distorted Smith’s views by incorporating utility theory. Moreover, while Smith is often linked to the theory of a falling rate of profit due to competit

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44

Freeman, Alan. "Labor Theory of Value, Value and Price: A Historical Meeting between Chinese and Western Marxist Scholars." World Marxist Review 2, no. 1 (2025): 131–56. https://doi.org/10.62834/vxek3t57.

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This is the second of two volumes comprising The Creation of Value by Living Labour: A Normative and Empirical Study. The first opened with a review of the literature on labor’s role in production, laying the ground, as the work’s title suggests, for a detailed empirical study of creative, scientific, and management labour in China, conceived of as an economy with mixed forms of property.Its central concern was how best to maximize the social and economic benefits of these highly productive forms of labour, extending these benefits to the whole of society by preventing their monopolization and

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45

Egorov, Dmitry, Yuriy Dyatlov, Maksim Bogdanov, Evgeni Shushpanov, and Angela Egorova. "VALUE: EMPIRICS AND THEORY." SOCIETY. INTEGRATION. EDUCATION. Proceedings of the International Scientific Conference 6 (May 25, 2018): 165–75. http://dx.doi.org/10.17770/sie2018vol1.3080.

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Disclosure of the essence of the category "value" is not a prerequisite for its use: the introduction of this concept is correct and simple a priori. At the same time, it is obviously desirable. Objectives: 1) to show the connection between the concept of "value" and the empirical level; 2)to justify the interpretation of value from the perspective of information theory. Results. Manifestations of the "value" category in economic practice: the notions of "fair price", "reasonable profit", statistics of input-output balances, the world practice of planning of long-term energy production project

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46

Larionov, V. "ON THE USE-VALUE THEORY OF SCIENTIFIC AND TECHNOLOGICAL PROGRESS." Scientific heritage, no. 102 (December 5, 2022): 35–43. https://doi.org/10.5281/zenodo.7401775.

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The article is devoted to the importance of use value in scientific and technological progress. The article considers use value as a factor in the reproduction of human life in connection with the costs of his labor. In a class society, use value gives rise to its exchange side, in spite of the use value, which contains the inhibition of the development of productive forces by production relations. Scientific and technological progress, being the most important factor in the development of the means of production, leads to the economy of human labor, thereby reducing the cost of production of

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47

Zhao, Peiyu. "Exploration on the Application and Practice of Marx's classic theory of Residual Value Based on The Perspective of Modern "Unmanned Factory"." BCP Social Sciences & Humanities 19 (August 30, 2022): 450–57. http://dx.doi.org/10.54691/bcpssh.v19i.1728.

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The high production efficiency and low number of workers of the unmanned factory production model have increased some scholars' misunderstanding of Marx's theory of surplus value. The main body of this essay is the unmanned factory. The full text takes Marx's theory of surplus value as the theoretical basis. It conducts a historical exploration of the unmanned factory in different eras, and discusses the production relationship of the unmanned factory and staffing information. When discussing the source of surplus value in unmanned factories, it is considered that there are two labor methods,

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48

刘, 嘉文. "Re-Understanding of Marxism’s “Theory of Labor Value” in Capital." Advances in Philosophy 11, no. 05 (2022): 1035–39. http://dx.doi.org/10.12677/acpp.2022.115179.

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49

Lim, Jung Myung. "The Labor Theory of Value: the Case of Absalom, Absalom!" Comparative Literature 76 (October 31, 2018): 221–46. http://dx.doi.org/10.21720/complit76.08.

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50

丁, 岽. "On Marx’s Theory of Alienated Labor and Its Contemporary Value." Advances in Philosophy 11, no. 05 (2022): 1213–18. http://dx.doi.org/10.12677/acpp.2022.115208.

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