Thread replies: 8
Thread images: 4
Thread images: 4
File: 1463076543082.png (24KB, 800x800px) Image search:
[Google]
24KB, 800x800px
Does the Labour Theory of Value derive from the production of surplus value or the exchange mechanism which substantiates the relation which creates both?
I'm having a hard time understand just what the labour theory of value is. Did Marx acknowledge the term itself or has it occurred from the literature post script?
>>
>>1665769
LTV is literally just a horseshit gimmick created by Marx to prove that an alienation takes place.
>>
File: 1465240812668.jpg (35KB, 550x308px) Image search:
[Google]
35KB, 550x308px
>>1665771
>>
>>1665769
Smith actually proposed the LTV in the Wealth of Nations. His idea was that diamonds and gold costed so much money because they required so much effort to extract and polish and cut.
>>
>>1666257
Which is why socially necessary labor time is a much needed modification
>>
File: 13435519_10153846532664401_8606106715222835576_n.jpg (85KB, 960x720px) Image search:
[Google]
85KB, 960x720px
>>1665769
I'm a state capitalist, but I believe that everything currently requires labor or automation to have value.
Even land is worthless unless you have it surveyed for property rights.
I suppose you could be a trader in African lands for sheep profit, but really you need that shit surveyed or your neighbors violate your NAP when their sheep stray into your lands.
>>
>>1666285
State capitalism means something, and I don't think you've used it right.
>>
>>1666388
I'm not describing what state capitalist does with labor. I'm just saying labor is required to give value to anything of economic use.
Thread posts: 8
Thread images: 4
Thread images: 4