5 ms·
The labour theory of value is Adam Smith's, not Marx's.
by Giefo6ah 3mo ago
The labour theory of value is Adam Smith's, not Marx's.
- DrBazza 3mo agoIndeed. I paraphrased this line from wikipedia - "The LTV is usually associated with Marxian economics" perhaps I should have read the next bit ", although it also appears in the theories of earlier classical economists such as Adam Smith and David Ricardo. "