Who produces the wealth in society?
Marx’s labor theory of value

Socialism 2014

June 26, 2014

The labor theory of value is at the heart of Marx’s analysis of capitalism. Yet there are many—even some who claim to be Marxists—who reject it. This talk explains Marx’s labor theory of value and presents a political defense of the theory in the context of controversies and common objections by other economists. This talk is aimed at people who are unfamiliar with Marxist economics.

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