Heterodox
This is one of the many problems with Marx’s bizarre and incoherent labour theory of value.In essence, for Marx, factors of production that have no embodied labour value transfer no value into the output commodity: “It is thus strikingly clear, that means of production never transfer more value to the product than they themselves lose during the labour-process by the destruction of their own use-value. If such an instrument has no value to lose, if, in other words, it is not the product of...
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