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118 relations: Abstract labour and concrete labour, Adam Smith, An Anarchist FAQ, Anarchism, Anarchism in the United States, Anarchist economics, Anarchist schools of thought, Anarcho-communism, Anwar Shaikh (economist), Benjamin Franklin, Benjamin Tucker, Cambridge University Press, Capital (economics), Capitalism, Charles Hall (economist), Cincinnati Time Store, Classical economics, Collectivist anarchism, Commodity, Cost the limit of price, Cost-of-production theory of value, Criticisms of the labour theory of value, Das Kapital, David Ricardo, Division of labour, E. F. Schumacher, Economic liberalism, Economic rent, Economics, Edward Elgar Publishing, Entitlement theory, Eugen Böhm von Bawerk, Exchange value, Exploitation of labour, Fernando Vianello, Free market, Gerald Cohen, Goods, Ibn Khaldun, Interest, Joan Robinson, John Francis Bray, John Gray (socialist), John Locke, Joseph Schumpeter, Josiah Warren, Justice, Karl Marx, Karl Marx and the Close of His System, Kevin Carson, ..., Labor notes (currency), Labor theory of property, Labor theory of value, Labour economics, Labour power, Land (economics), Law of value, Liberalism, Linguistic prescription, Luxury goods, Lysander Spooner, Marginalism, Marxian economics, Means of production, Mikhail Bakunin, Mises Institute, Money, Muqaddimah, Mutualism (economic theory), Neo-Ricardianism, Neoclassical economics, New York University Press, Normative economics, Paradox of value, Piercy Ravenstone, Pierre-Joseph Proudhon, Post-Keynesian economics, PostCapitalism: A Guide to Our Future, Price, Prices of production, Proceedings of the National Academy of Sciences of the United States of America, Producerism, Productive and unproductive labour, Profit (economics), Renting, Ricardian socialism, Slate (magazine), Slavery, Small Is Beautiful, Social division of labor, Socially necessary labour time, Stephen Pearl Andrews, Studies in Mutualist Political Economy, Subjective theory of value, Subjectivity, Summa Theologica, Surplus labour, Surplus product, Surplus value, Takis Fotopoulos, Tautology (rhetoric), The American Economic Review, The New School, The Wealth of Nations, Theory of value (economics), Thomas Aquinas, Thomas Hodgskin, Trade, Transformation problem, Two Treatises of Government, Use value, Utility, Utopia, Ohio, Value (economics), Value, Price and Profit, Value-form, Voluntary Socialism, William Petty. Expand index (68 more) »
Abstract labour and concrete labour
Abstract labour and concrete labour refer to a distinction made by Karl Marx in his critique of political economy.
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Adam Smith
Adam Smith (16 June 1723 NS (5 June 1723 OS) – 17 July 1790) was a Scottish economist, philosopher and author as well as a moral philosopher, a pioneer of political economy and a key figure during the Scottish Enlightenment era.
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An Anarchist FAQ
"An Anarchist FAQ" is a FAQ written by an international work group of social anarchists connected through the internet.
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Anarchism
Anarchism is a political philosophy that advocates self-governed societies based on voluntary institutions.
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Anarchism in the United States
Anarchism in the United States began in the mid-19th century and started to grow in influence as it entered the American labor movements, growing an anarcho-communist current as well as gaining notoriety for violent propaganda by the deed and campaigning for diverse social reforms in the early 20th century.
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Anarchist economics
Anarchist economics is the set of theories and practices of economic activity within the political philosophy of anarchism.
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Anarchist schools of thought
Anarchism is generally defined as the political philosophy which holds the state to be undesirable, unnecessary and harmful, The following sources cite anarchism as a political philosophy: Slevin, Carl.
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Anarcho-communism
Anarcho-communism (also known as anarchist communism, free communism, libertarian communism and communist anarchism) is a theory of anarchism which advocates the abolition of the state, capitalism, wage labour and private property (while retaining respect for personal property) in favor of common ownership of the means of production, direct democracy and a horizontal network of workers' councils with production and consumption based on the guiding principle: "From each according to his ability, to each according to his needs".
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Anwar Shaikh (economist)
Anwar M. Shaikh (born 1945) is a Pakistani American economist working in the classical tradition.
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Benjamin Franklin
Benjamin Franklin (April 17, 1790) was an American polymath and one of the Founding Fathers of the United States.
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Benjamin Tucker
Benjamin Ricketson Tucker (April 17, 1854 – June 22, 1939) was a 19th century proponent of American individualist anarchism, which he called "unterrified Jeffersonianism," and editor and publisher of the individualist anarchist periodical Liberty.
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Cambridge University Press
Cambridge University Press (CUP) is the publishing business of the University of Cambridge.
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Capital (economics)
In economics, capital consists of an asset that can enhance one's power to perform economically useful work.
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Capitalism
Capitalism is an economic system based upon private ownership of the means of production and their operation for profit.
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Charles Hall (economist)
Charles Hall (1740–1825) was a British physician, social critic and Ricardian socialist who published The Effects of Civilization on the People in European States in 1805, condemning capitalism for its inability to provide for the poor.
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Cincinnati Time Store
The Cincinnati Time Store was a successful retail store that was created by American individualist anarchist Josiah Warren to test his theories that were based on his strict interpretation of the labor theory of value.
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Classical economics
Classical economics or classical political economy (also known as liberal economics) is a school of thought in economics that flourished, primarily in Britain, in the late 18th and early-to-mid 19th century.
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Collectivist anarchism
Collectivist anarchism (also known as anarcho-collectivism) is a revolutionaryPatsouras, Louis.
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Commodity
In economics, a commodity is an economic good or service that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.
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Cost the limit of price
Cost the limit of price was a maxim coined by Josiah Warren, indicating a (prescriptive) version of the labor theory of value.
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Cost-of-production theory of value
In economics, the cost-of-production theory of value is the theory that the price of an object or condition is determined by the sum of the cost of the resources that went into making it.
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Criticisms of the labour theory of value
Criticisms of the labor theory of value often arise as part of an economic criticism of Marxism.
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Das Kapital
Das Kapital, also known as Capital.
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David Ricardo
David Ricardo (18 April 1772 – 11 September 1823) was a British political economist, one of the most influential of the classical economists along with Thomas Malthus, Adam Smith and James Mill.
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Division of labour
The division of labour is the separation of tasks in any system so that participants may specialize.
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E. F. Schumacher
Ernst Friedrich Schumacher (19 August 1911 – 4 September 1977) was a German statistician and economist who is best known for his proposals for human-scale, decentralised and appropriate technologies.
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Economic liberalism
Economic liberalism is an economic system organized on individual lines, which means the greatest possible number of economic decisions are made by individuals or households rather than by collective institutions or organizations.
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Economic rent
In economics, economic rent is any payment to an owner or factor of production in excess of the costs needed to bring that factor into production.
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Economics
Economics is the social science that studies the production, distribution, and consumption of goods and services.
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Edward Elgar Publishing
Edward Elgar Publishing is a global publisher of academic books, journals and online resources in the social sciences and law.
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Entitlement theory
Entitlement theory is a theory of distributive justice and private property created by Robert Nozick in his book Anarchy, State, and Utopia.
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Eugen Böhm von Bawerk
Eugen Böhm Ritter von Bawerk (born Eugen Böhm, 12 February 1851 – 27 August 1914) was an Austrian economist who made important contributions to the development of the Austrian School of Economics.
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Exchange value
In political economy and especially Marxian economics, exchange value (German: Tauschwert) refers to one of four major attributes of a commodity, i.e., an item or service produced for, and sold on the market.
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Exploitation of labour
Exploitation of labour is the act of treating one's workers unfairly for one's own benefit.
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Fernando Vianello
Fernando Vianello (August 17, 1939 – August 10, 2009) was an Italian economist and academic.
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Free market
In economics, a free market is an idealized system in which the prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.
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Gerald Cohen
Gerald Allan "Jerry" Cohen, FBA (14 April 1941 – 5 August 2009) was a Marxist political philosopher who held the positions of Quain Professor of Jurisprudence, University College London and Chichele Professor of Social and Political Theory, All Souls College, Oxford.
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Goods
In economics, goods are materials that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product.
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Ibn Khaldun
Ibn Khaldun (أبو زيد عبد الرحمن بن محمد بن خلدون الحضرمي.,; 27 May 1332 – 17 March 1406) was a fourteenth-century Arab historiographer and historian.
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Interest
Interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (i.e., the amount borrowed), at a particular rate.
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Joan Robinson
Joan Violet Robinson FBA (31 October 1903 – 5 August 1983), previously Joan Violet Maurice, was a British economist well known for her wide-ranging contributions to economic theory.
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John Francis Bray
John Francis Bray (26 June 1809–1 February 1897) was a radical, Chartist, writer on socialist economics and activist in both Britain and his native America in the 19th century.
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John Gray (socialist)
John Gray (1799–1883) was a British socialist economist.
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John Locke
John Locke (29 August 1632 – 28 October 1704) was an English philosopher and physician, widely regarded as one of the most influential of Enlightenment thinkers and commonly known as the "Father of Liberalism".
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Joseph Schumpeter
Joseph Alois Schumpeter (8 February 1883 – 8 January 1950) was an Austrian political economist.
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Josiah Warren
Josiah Warren (1798 – April 14, 1874) was an individualist anarchist, inventor, musician, printer, and author in the United States.
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Justice
Justice is the legal or philosophical theory by which fairness is administered.
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Karl Marx
Karl MarxThe name "Karl Heinrich Marx", used in various lexicons, is based on an error.
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Karl Marx and the Close of His System
Karl Marx and the Close of His System (Zum Abschluss des Marxschen Systems) is a critique of Karl Marx's economic theories by the Austrian economist Eugen Böhm von Bawerk, published in English translation in 1898.
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Kevin Carson
Kevin Amos Carson (born 1963) is an American author, anarchist and political theorist on the topics of mutualism, individualist anarchism, left-libertarianism and freemarketism.
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Labor notes (currency)
Labor notes are an alternative currency based on exchange of hours of labor.
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Labor theory of property
The labor theory of property (also called the labor theory of appropriation, labor theory of ownership, labor theory of entitlement, or principle of first appropriation) is a theory of natural law that holds that property originally comes about by the exertion of labor upon natural resources.
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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, rather than by the use or pleasure its owner gets from it (demand) and its scarcity value (supply).
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Labour economics
Labour economics seeks to understand the functioning and dynamics of the markets for wage labour.
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Labour power
Labour power (in German: Arbeitskraft; in French: force de travail) is a key concept used by Karl Marx in his critique of capitalist political economy.
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Land (economics)
In economics, land comprises all naturally occurring resources as well as geographic land.
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Law of value
The law of value (German: Wertgesetz) is a central concept in Karl Marx's critique of political economy, first expounded in his polemic The Poverty of Philosophy (1847) against Pierre-Joseph Proudhon, with reference to David Ricardo's economics.
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Liberalism
Liberalism is a political and moral philosophy based on liberty and equality.
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Linguistic prescription
Linguistic prescription, or prescriptive grammar, is the attempt to lay down rules defining correct use of language.
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Luxury goods
In economics, a luxury good (or upmarket good) is a good for which demand increases more than proportionally as income rises, and is a contrast to a "necessity good", where demand increases proportionally less than income.
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Lysander Spooner
Lysander Spooner (January 19, 1808 – May 14, 1887) was an American political philosopher, essayist, pamphlet writer, Unitarian, abolitionist, legal theorist, and entrepreneur of the nineteenth century.
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Marginalism
Marginalism is a theory of economics that attempts to explain the discrepancy in the value of goods and services by reference to their secondary, or marginal, utility.
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Marxian economics
Marxian economics, or the Marxian school of economics, refers to a school of economic thought tracing its foundations to the critique of classical political economy first expounded upon by Karl Marx and Friedrich Engels.
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Means of production
In economics and sociology, the means of production (also called capital goods) are physical non-human and non-financial inputs used in the production of economic value.
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Mikhail Bakunin
Mikhail Alexandrovich Bakunin (– 1 July 1876) was a Russian revolutionary anarchist and founder of collectivist anarchism.
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Mises Institute
The Mises Institute, short name for Ludwig von Mises Institute for Austrian Economics, is a tax-exempt educative organization located in Auburn, Alabama, United States.
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Money
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context.
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Muqaddimah
The Muqaddimah, also known as the Muqaddimah of Ibn Khaldun (مقدّمة ابن خلدون) or Ibn Khaldun's Prolegomena (Προλεγόμενα), is a book written by the Arab historian Ibn Khaldun in 1377 which records an early view of universal history.
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Mutualism (economic theory)
Mutualism is an economic theory and anarchist school of thought that advocates a society with free markets and occupation and use property norms.
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Neo-Ricardianism
The neo-Ricardian school is an economic school that derives from the close reading and interpretation of David Ricardo by Piero Sraffa, and from Sraffa's critique of neo-classical economics as presented in his The Production of Commodities by Means of Commodities, and further developed by the neo-Ricardians in the course of the Cambridge capital controversy.
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Neoclassical economics
Neoclassical economics is an approach to economics focusing on the determination of goods, outputs, and income distributions in markets through supply and demand.
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New York University Press
New York University Press (or NYU Press) is a university press that is part of New York University.
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Normative economics
Normative economics (as opposed to positive economics) is a part of economics that expresses value or normative judgments about economic fairness or what the outcome of the economy or goals of public policy ought to be.
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Paradox of value
The paradox of value (also known as the diamond–water paradox) is the apparent contradiction that, although water is on the whole more useful, in terms of survival, than diamonds, diamonds command a higher price in the market.
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Piercy Ravenstone
Piercy Ravenstone was a pseudonym used by a nineteenth-century political economist whose work led him to being variously described as a socialist, a tory and as an institutionalist.
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Pierre-Joseph Proudhon
Pierre-Joseph Proudhon (15 January 1809 – 19 January 1865) was a French politician and the founder of mutualist philosophy.
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Post-Keynesian economics
Post-Keynesian economics is a school of economic thought with its origins in The General Theory of John Maynard Keynes, with subsequent development influenced to a large degree by Michał Kalecki, Joan Robinson, Nicholas Kaldor, Sidney Weintraub, Paul Davidson, Piero Sraffa and Jan Kregel.
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PostCapitalism: A Guide to Our Future
PostCapitalism: A Guide to our Future is a 2015 book by British journalist and writer Paul Mason.
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Price
In ordinary usage, a price is the quantity of payment or compensation given by one party to another in return for one unit of goods or services.
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Prices of production
Prices of production (or "production prices"; in German Produktionspreise) is a concept in Karl Marx's critique of political economy, defined as "cost-price + average profit".
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Proceedings of the National Academy of Sciences of the United States of America
Proceedings of the National Academy of Sciences of the United States of America (PNAS) is the official scientific journal of the National Academy of Sciences, published since 1915.
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Producerism
Producerism is an ideology which holds that those members of society engaged in the production of tangible wealth are of greater benefit to society than, for example, aristocrats who inherit their wealth and station.
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Productive and unproductive labour
Productive and unproductive labour are concepts that were used in classical political economy mainly in the 18th and 19th centuries, which survive today to some extent in modern management discussions, economic sociology and Marxist or Marxian economic analysis.
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Profit (economics)
In economics, profit in the accounting sense of the excess of revenue over cost is the sum of two components: normal profit and economic profit.
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Renting
Renting, also known as hiring or letting, is an agreement where a payment is made for the temporary use of a good, service or property owned by another.
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Ricardian socialism
Ricardian socialism is a branch of classical economic thought based upon the work of the economist David Ricardo (1772–1823).
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Slate (magazine)
Slate is an online magazine that covers current affairs, politics, and culture in the United States from a liberal perspective.
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Slavery
Slavery is any system in which principles of property law are applied to people, allowing individuals to own, buy and sell other individuals, as a de jure form of property.
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Small Is Beautiful
Small Is Beautiful: A Study of Economics As If People Mattered is a collection of essays by German born British economist E. F. Schumacher.
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Social division of labor
Social division of labor, one of the two aspects of the division of labor, is the social structural foundation of the specialized commodity production divided between industries, firms, and occupations of workers, or the technical division of tasks.
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Socially necessary labour time
Socially necessary labour time in Marx's critique of political economy is what regulates the exchange value of commodities in trade and consequently constrains producers in their attempt to economise on labour.
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Stephen Pearl Andrews
Stephen Pearl Andrews (March 22, 1812 – May 21, 1886) was an American individualist anarchist, linguist, political philosopher, outspoken abolitionist, and author of several books on the labor movement and Individualist anarchism.
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Studies in Mutualist Political Economy
Studies in Mutualist Political Economy is a book on political economy published on 2007 by American mutualist anarchist Kevin Carson.
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Subjective theory of value
The subjective theory of value is a theory of value which advances the idea that the value of a good is not determined by any inherent property of the good, nor by the amount of labor necessary to produce the good, but instead value is determined by the importance an acting individual places on a good for the achievement of his desired ends.
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Subjectivity
Subjectivity is a central philosophical concept, related to consciousness, agency, personhood, reality, and truth, which has been variously defined by sources.
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Summa Theologica
The Summa Theologiae (written 1265–1274 and also known as the Summa Theologica or simply the Summa) is the best-known work of Thomas Aquinas (c. 1225–1274).
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Surplus labour
Surplus labour (German: Mehrarbeit) is a concept used by Karl Marx in his critique of political economy.
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Surplus product
Surplus product (German: Mehrprodukt) is an economic concept explicitly theorised by Karl Marx in his critique of political economy.
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Surplus value
Surplus value is a central concept in Karl Marx's critique of political economy.
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Takis Fotopoulos
Takis Fotopoulos (Τάκης Φωτόπουλος born October 14, 1940) is a political philosopher and economist who founded the Inclusive Democracy movement, aiming at a synthesis of classical democracy with libertarian socialism and the radical currents in the new social movements.
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Tautology (rhetoric)
In rhetoric, a tautology (from Greek ταὐτός, "the same" and λόγος, "word/idea") is an argument which repeats an assertion using different phrasing.
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The American Economic Review
The American Economic Review is a peer-reviewed academic journal of economics.
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The New School
The New School is a private non-profit research university centered in Manhattan, New York City, USA, located mostly in Greenwich Village.
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The Wealth of Nations
An Inquiry into the Nature and Causes of the Wealth of Nations, generally referred to by its shortened title The Wealth of Nations, is the magnum opus of the Scottish economist and moral philosopher Adam Smith.
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Theory of value (economics)
"Theory of value" is a generic term which encompasses all the theories within economics that attempt to explain the exchange value or price of goods and services.
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Thomas Aquinas
Saint Thomas Aquinas (1225 – 7 March 1274) was an Italian Dominican friar, Catholic priest, and Doctor of the Church.
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Thomas Hodgskin
Thomas Hodgskin (born 12 December 1787, Chatham, Kent; d. 21 August 1869, Feltham, Middlesex) was an English socialist writer on political economy, critic of capitalism and defender of free trade and early trade unions.
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Trade
Trade involves the transfer of goods or services from one person or entity to another, often in exchange for money.
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Transformation problem
In 20th-century discussions of Karl Marx's economics, the transformation problem is the problem of finding a general rule by which to transform the "values" of commodities (based on their socially necessary labour content, according to his labour theory of value) into the "competitive prices" of the marketplace.
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Two Treatises of Government
Two Treatises of Government (or Two Treatises of Government: In the Former, The False Principles, and Foundation of Sir Robert Filmer, and His Followers, Are Detected and Overthrown. The Latter Is an Essay Concerning The True Original, Extent, and End of Civil Government) is a work of political philosophy published anonymously in 1689 by John Locke.
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Use value
Use value (German: Gebrauchswert) or value in use is the utility of consuming a good—the want-satisfying power of a good or service in classical political economy.
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Utility
Within economics the concept of utility is used to model worth or value, but its usage has evolved significantly over time.
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Utopia, Ohio
Utopia is an unincorporated community in far southern Franklin Township, Clermont County, Ohio, United States, along the banks of the Ohio River.
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Value (economics)
Economic value is a measure of the benefit provided by a good or service to an economic agent.
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Value, Price and Profit
"Value, Price and Profit" (German: "Lohn, Preis und Profit") was a speech given to the First International Working Men's Association in June in 1865 by Karl Marx.
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Value-form
The value-form or form of value (Wertform) is a concept in Karl Marx's critique of political economy, Marxism, the Frankfurt School and post-Marxism.
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Voluntary Socialism
Voluntary Socialism is a work of nonfiction by the American mutualist (1867–1913).
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William Petty
Sir William Petty FRS (Romsey, 26 May 1623 – 16 December 1687) was an English economist, physician, scientist and philosopher.
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References
[1] https://en.wikipedia.org/wiki/Labor_theory_of_value
