Heterodox
The following proposition is asserted as true by Marxists (e.g., Foley 1986: 16): Proposition 1: Socially necessary labour time is the only source of value. Marx asserted this numerous times, though not necessarily in these words, and here are some examples: “A use-value, or useful article, therefore, has value only because human labour in the abstract has been embodied or materialised in it. How, then, is the magnitude of this value to be measured? Plainly, by the quantity of the...
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