Labor theory of value: Revision history

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curprev 09:2009:20, 2 November 2024 Kku talk contribs m 72,619 bytes +4 link circular reasoning undo

curprev 06:0806:08, 24 June 2024 Citation bot talk contribs 72,586 bytes +58 Added bibcode. | Use this bot. Report bugs. | Suggested by Abductive | #UCB_webform 424/3850 undo

curprev 19:3919:39, 11 May 2024 Dylancatlow1 talk contribs m 72,528 bytes +2 The word "orthodox" is used here in an idiosyncratic sense which is not explained except in the article about mainstream economics itself. undo

curprev 09:3309:33, 10 May 2024 KetchupSalt talk contribs 72,526 bytes −55 The old wording is more straightforward. Also "competent and productive workers considerably increase the overall value of the workforce" is wrong. If anything the opposite is true - more productive workers producing means of subsistence ''lower'' the value of labour power. The wording "just and equitable" seems to imply the LTV makes moral judgements, which it doesn't. undo Tag: Manual revert

curprev 20:1620:16, 14 April 2024 Alexq17 talk contribs m 72,581 bytes +538 The foundation of classical economic theory, the Labor Theory of Value (LTV), holds that the average time and effort required to create a good or service has a significant impact on its intrinsic value. Essentially, "socially necessary" in LTV means that, if a commodity is produced with an average level of productivity and competence, its value will increase in direct proportion to the labor input. According to this hypothesis, competent and productive workers considerably increase the overall v undo Tags: Reverted Visual edit
curprev 05:3205:32, 14 April 2024 Alexq17 talk contribs m 72,043 bytes −483 The value of a commodity increases in direct proportion to the average time and effort needed to create it. According to the LTV, "socially necessary" means that the value only increases proportionately to the labor, as long as the labor is performed with average skill and productivity. Because they produce more of the finished good, skilled and productive workers add greater value to the workforce even though they may be less productive or talented than others. Every unit in the same class of c undo Tags: Reverted Visual edit

curprev 09:5709:57, 9 April 2024 Eshjordan talk contribs 72,526 bytes −226 Removed source that does not refer to modern orthodox economics rejecting the LTV and using a theory of value based on subjective preferences. undo Tags: references removed Visual edit

curprev 10:1310:13, 15 March 2024 Squg223 talk contribs m 72,740 bytes +5 fixed grammatical error in opening paragraph undo

curprev 11:5911:59, 12 March 2024 Zilch-nada talk contribs 72,735 bytes −671 →Criticism: These sentences add absolutely nothing of substance, only just stating that there was criticism undo

curprev 13:3413:34, 3 March 2024 98.115.65.174 talk 73,330 bytes −6 →Definitions of value and labor: Removed redundant word undo Tags: Mobile edit Mobile app edit Android app edit

curprev 06:3706:37, 18 February 2024 SamMitchell45 talk contribs 73,268 bytes −15 Already had a history section. undo Tags: Visual edit Mobile edit Mobile web edit

curprev 15:4315:43, 14 February 2024 Phantomette talk contribs 73,197 bytes −98 clarity and concision: we arguable still have too many long quotations in this article. We also need to clearly compare and contrast the perspectives of the classical economists. undo Tag: Visual edit