What is Labor Theory of Value

The labor theory of value (LTV) is a theory of value that argues that the economic value of a good or service is determined by the total amount of "socially necessary labor" required to produce it.

How you will benefit

(I) Insights, and validations about the following topics:

Chapter 1: Labor theory of value

Chapter 2: Capital (economics)

Chapter 3: Transformation problem

Chapter 4: Classical economics

Chapter 5: Organic composition of capital

Chapter 6: Use value

Chapter 7: Theory of value (economics)

Chapter 8: Law of value

Chapter 9: Prices of production

Chapter 10: Productive and unproductive labour

Chapter 11: Unequal exchange

Chapter 12: Tendency of the rate of profit to fall

Chapter 13: Criticism of Marxism

Chapter 14: Temporal single-system interpretation

Chapter 15: Commodity (Marxism)

Chapter 16: Criticisms of the labour theory of value

Chapter 17: Constant capital

Chapter 18: Capitalist mode of production (Marxist theory)

Chapter 19: Surplus value

Chapter 20: Marxian economics

Chapter 21: Capital accumulation

(II) Answering the public top questions about labor theory of value.

(III) Real world examples for the usage of labor theory of value in many fields.

Who this book is for

Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of labor theory of value.