8 years ago

Marx's Theory of Labour Value Challenges Utility Value Theory Dominance.

2 views
Journal of Yichun University
The Comparation of Marx's Theory of Labour Value With The Theory of Utility Value
Luo Zhao-hui

Paper Summary

Marx's Theory of Labour Value and the Theory of Utility Value are important theories in understanding value. Marx's theory focuses on the labor put into a product, while the utility theory looks at how useful a product is. Both theories have strengths and weaknesses, but together they provide a comprehensive explanation of value.

Related papers

Theme background image
Social Sciences
3 years ago

Value of goods not just determined by labor, but also utility.

Political Economy
Economic Institutions
1 view
Theme background image
Social Sciences
4 years ago

Marx's Theory of Surplus Value Confirmed: Profits Equal Surplus Value on Average

Political Economy
Critical Theory
1 view
Theme background image
Social Sciences
6 years ago

Marx's Labor Theory of Value Revealed: Commodities as Alienated Labor.

Political Economy