Examples of using Theory of value in English and their translations into Indonesian
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(3) its ethics or theory of value.
He also pointed out what heconsidered to be some of the flaws in Marx's labor theory of value.
This article surveys a range of the questions which come up in the theory of value, and attempts to impose some structure on the terrain by including some observations about how they are related to one another.
He also pointed out some of the flaws in Marx's labor theory of value.
Equivalence economy based on Marxian labor theory of value and democratically determined by those who directly create value instead of market-economical principles.
People also translate
Insofar as modern socialism, no matter of what tendency, starts out from bourgeois political economy,it almost without exception takes up the Ricardian theory of value.
It was said, finally,that it would not be amiss to correct Marx's theory of value, too, in accordance with Böhm-Bawerk.[3].
Marx explained his labor theory of value, his understanding of surplus value and exploitation which he argued would ultimately lead to a falling rate of profit and the collapse of industrial capitalism.
Since the 1830s, barter in some western market economies has been aided by exchanges thatuse alternative currencies based on the labour theory of value, and are designed to prevent profit taking by intermediators.
Rejecting the labor theory of value that was held by Adam Smith and other classical economists, Say states that the basis for value is utility- the capability of a good or service to meet some human desire.
It is not just a technical point, still less an accident,that Capital is built on thelabour theory of value, or that the dual character of the commodity is derived from the dual character of labour(concrete and abstract labour).
The study of Marxism falls under three main headings, corresponding broadly to philosophy, social history and economics, or, to give them their correct names, Dialectical Materialism,Historical Materialism and the Labour Theory of Value.
Equivalence economy, which should be based on Marxian labour theory of value and which is democratically determined by those who directly create value, instead of market-economical principles;
Since the 1830s, direct barter in western market economies has been aided by exchanges which frequentlyutilize alternative currencies based on the labor theory of value, and designed to prevent profit taking by intermediaries.
As in the theory of value, needs to be said that apart from the darkness guidance and grumbling, a la Bohm-Bawerk, the revisionists did not contribute to the absolute, and therefore leaves no trace on the development of scientific thought.
NOV Liberalism can be understood as(1) a political tradition(2) a political philosophy and(3) a general philosophical theory, encompassing a theory of value, a conception of the person and a moral theory as well as a political philosophy.
As to the theory of value, it need only be said that apart from the vaguest of hints and sighs, à la Böhm-Bawerk, the revisionists have contributed absolutely nothing, and have therefore left no traces whatever on the development of scientific thought.
Other socialist theories, such as mutualism and market socialism,attempt to apply the labor theory of value to socialism, so that the price of a good or service is adjusted to equal the amount of labor time expended in its production.
As to the theory of value, it need only be said that apart from-the vaguest of hints and sighs, à la Böhm-Bawerk, the revisionists have contributed absolutely nothing, and have therefore left no traces whatever on the development of scientific thought.
The most mature version of this theory, presented in On the Principles of Political Economy and Taxation,was based on a labour theory of value in which the value of any produced object is equal to the labor embodied in the object.
Mutualism is based on a labor theory of value that holds that when labor or its product is sold, in exchange, it ought to receive goods or services embodying"the amount of labor necessary to produce an article of exactly similar and equal utility.
This in a sense got terminated, from the middle of the 19th century onwards,by a general drift away from any kind of allegiance to the labour theory of value, and saying the value was actually created- or measure of value- was arrived at by a very different mechanism, and very different means.
The division of moral theory into the theory of value, as contrasting with other areas of investigation, cross-cuts the traditional classification of moral theory into normative and metaethical inquiry, but is a worthy distinction in its own right;
As to the theory of value, it need only be said that apart from-the vaguest of hints and sighs, à la Böhm-Bawerk, the revisionists have contributed absolutely nothing, and have therefore left no traces whatever on the development of scientific thought.
Adam Smith, for instance, flirted with a labor theory of value in his classic defense of capitalism, The Wealth of Nations(1776), and David Ricardo later systematized it in his Principles of Political Economy(1817), a text studied by generations of free-market economists.
The theory of marginal utility, which is based on the subjective theory of value, says that the price at which an object trades in the market is determined neither by how much labor was exerted in its production, as in the labor theory of value, nor on how useful it is on the whole.