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What is another word for labor theory of value?

Pronunciation: [lˈe͡ɪbə θˈi͡əɹi ɒv vˈaljuː] (IPA)

The labor theory of value is a central concept in Marxist economics. It suggests that the value of a product or service is based on the amount of labor that goes into producing it. There are several synonyms for this theory, including the labor value theory, the theory of labor value, and the theory of value. These terms all refer to the same idea that the value of a good is determined by the amount of labor necessary to produce it. Other related concepts include the theory of surplus value and the law of value, both of which are closely associated with the labor theory of value and are also commonly used in discussions of Marxist economics.
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What are the hypernyms for Labor theory of value?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

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  • Marx claimed in Volume 1 [of ] that there was some interesting economics involved in a labor theory of value, and some believe his greatest fame in pure economics lies in his at­tempted analysis of "surplus value." Although he promised to clear up the contradiction between "price" and "value" in later volumes, neither he nor Engels ever made good this claim.
    Karl Marx

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