This paper traces the evolution of the labor theory of value.
Written in 2003; 2,300 words; 10 sources; $ 79.95
Paper Summary:
This paper reviews the evolution of the labor theory of value from Adam Smith through Karl Marx. The author includes focus theorists include Smith, Marx and David Ricardo. The paper presents three broad approaches to the analysis of value.
From the Paper:
" In the development of economic theory, there have been three broad approaches to the analysis of value. First, there are the general use theories."
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