The marginalist theory
| Abstract | Marx was an exponent of the 'Labour theory' of value, held also by Adam Smith, Ricardo, James Mill, John Stuart Mill and some early 19th century political economists. This is the theory that human labour is the sole source of value (of exchange value), and that the value of a commodity is the quantity of socially necessary labour embodied in it. When we exchange commodities they exchange in the ratio of the quantities of labour required to produce them and bring them into the market | |||||||||
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Patrick Murray (2000). Marx's “Truly Social” Labour Theory of Value: Part I, Abstract Labour in Marxian Value Theory. Historical Materialism 6 (1):27-66.
Matt Beech (2006). The Political Philosophy of New Labour. Distributed in the U.S. By Palgrave Macmillan.
Gilles Campagnolo & Maurice Lagueux (2004). Les Rapports d'Échange Selon Aristote. Éthique à Nicomaque V Et VIII-IX. Dialogue 43 (3):443-469.
Henry Laycock (1999). Exploitation Via Labour Power in Marx. Journal of Ethics 3 (2):121--131.
Anne O. & Byrne (2004). Symbol, Exchange and Birth: Towards a Theory of Labour and Relation. Philosophy and Social Criticism 30 (3).
C. J. Arthur (1978). I. Labour: Marx's Concrete Universal. Inquiry 21 (1-4):87 – 103.
G. A. Cohen (1983). More on Exploitation and the Labour Theory of Value. Inquiry 26 (3):309 – 331.
Terrell Carver (1980). I. Marx's Two-Fold Character of Labour. Inquiry 23 (3):349 – 352.
Ulrich Steinvorth (1976). I. Marx's Analysis of Commodity Exchange—a Reply to Carver. Inquiry 19 (1-4):99 – 108.
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