labor theory of value

English

Alternative forms

Noun

labor theory of value (uncountable)

  1. (economics, political science) The theory, usually associated with Marxian economics, that freely reproducible goods obtain their value from socially necessary human labor time.
    Synonym: (abbreviation) LTV

Translations

This article is issued from Wiktionary. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.