Definition of labour theory of value in English:

labour theory of value

noun

mass noun

单词	labour theory of value
释义	Definition of labour theory of value in English: labour theory of value noun mass noun The Marxist theory that the value of a commodity should be determined by the amount of human labour used in its production. 劳动价值论（认为商品价值应由劳动者的劳动量决定的马克思主义理论） Example sentencesExamples Marx inherited the labour theory of value from the classical school. This discussion was to lead to a very tricky problem in the labor theory of value, but no-one would know that until later. How can that be, according to the labor theory of value? For this reason, many pro-capitalist economists say that the labour theory of value is nonsense. Capitalists have been vehemently opposed to the labour theory of value for good reason.
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