labor theory of value
in economics, the theory that the economic value of a good or service is determined by the total amount of socially necessary labor required to produce it
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Summary
labor theory of value is an economic theory[1]. It ranks in the top 5% of economic_theory entities by monthly Wikipedia readership (2,791 views/month).[2]
Key Facts
- labor theory of value's instance of is recorded as economic theory[3].
- labor theory of value's facet of is recorded as Criticisms of the labour theory of value[4].
- labor theory of value's described by source is recorded as Armenian Soviet Encyclopedia, vol. 2[5].
- labor theory of value's described by source is recorded as Pax Leksikon[6].
- labor theory of value's present in work is recorded as Labor Theory of Value and Labor System in the Age of Weak AI[7].
- labor theory of value's short name is recorded as {'lang': 'en', 'text': 'LTV'}[8].
- labor theory of value's short name is recorded as {'lang': 'ru', 'text': 'ТТС'}[9].
- labor theory of value's short name is recorded as {'lang': 'es', 'text': 'TVT'}[10].
Body
Definition and Type
labor theory of value's instance of is recorded as economic theory[3].
Why It Matters
labor theory of value ranks in the top 5% of economic_theory entities by monthly Wikipedia readership (2,791 views/month).[2] It has Wikipedia articles in 27 language editions, a strong signal of global cultural recognition.[11] It is known by 7 alternative names across languages and contexts.[12]