The labor theory of value is one of Marxism’s most contested ideas. Both critics and supporters of socialism have labeled it inconsistent and outdated. In an interview with Jacobin, economist ...

Nordhaus offers a modern version of the labor theory of value, which in various versions dates at least to Adam Smith’s “The Wealth of Nations” (1776), often taken to be the beginning of ...

Messrs. Pooley and Gilder remind us that the book’s themes remain fresh.

and that the conclusion that the law of value has failed represents a misreading or misinterpretation of Marx’s labor theory of value. Although the digital capitalist mode of production is serving ...

Bao-li, B. (2006) On both Value and Price. Economic Science Press. Bin, Y. (2007) “Calculating Problems of Steedman's Reproach to Marx's Labor Theory of Value,” Teaching and Research, 3. Itoh, M (1990 ...