TERMIUM Plus®

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TEORIA VALOR TRABAJO [1 record]

Record 1 2001-08-28

English

Subject field(s)
  • Economic Doctrines, Systems and Policies
  • Pricing Theory
DEF

A theory that commodities are sold in ratios determined by the amount of labour expended on producing them.

CONT

... the labor theory of value will lead to incorrect and inefficient use of both labor and nonlabor resources in even the most perfect socialist society.

CONT

The simple labor theory of value ... said that the price ratios of goods can be predicted from labor costs alone independently of the utilities which bring out a demand for the goods ...

Key term(s)
  • labor value theory
  • labour value theory

French

Domaine(s)
  • Doctrines, systèmes et politiques économiques
  • Théorie des prix
Key term(s)
  • théorie de la valeur d'échange

Spanish

Campo(s) temático(s)
  • Doctrinas, políticas y sistemas económicos
  • Teoría de fijación de precios
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