Social Sciences
8 years ago

Labor Value Theory Revolutionized for Modern Socialist Market Economy.

2 views
Journal of Anhui Textile Vocational Technical Institute
The Theory of Labor Value:Keeping Pace with the Times
Zhang Shi-zhon

Paper Summary

The labor value theory of Marxism states that labor is the only source of value in goods. This article discusses how to update this theory to fit today's socialist market economy.

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