Marx’s labor theory of value — Böhm-Bawerk’s rejection
The economist Eugen von Böhm-Bawerk arguing, in the 1890s, against the beloved-by-Marxists labor theory of value: “Value and effort, as I have stated at length in another place, are not ideas so intimately connected that one is forced immediately to adopt the view that effort is the basis of value. ‘That I have toiled over […]
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