Inheritance and Development of Marx's Labor Theory of Value

Author: Pang Jinju
Publisher:
Publish Date: 2005-08-04
Features: This study provides a new summary of the basic content of Marx's labor theory of value, arguing that the following elements are interrelated and indispensable: (1) Commodities have two factors, value and use value, which together constitute the substance of commodities; (2) The dual nature of labor determines the two factors of commodities. Value is the product of human labor in general, which is abstract labor, and represents an economic and social relationship; (3) The value of commodities is determined by the socially necessary labor time required to produce them; (4) Price is the expression form of value; (5) Labor power creates value and surplus value, and the theory of surplus value was established on the basis of the labor theory of value. This book has the following characteristics:
1. Further elaborates on the basic content of Marx's labor theory of value and the fundamental task of inheriting and developing it under new historical conditions;
2. Redefines basic categories such as value creation, value forms, and wealth creation;
3. Re-examines productive labor and unproductive labor;
4. Explores the relationship between science and technology, economic growth, and value creation;
5. Discusses distribution according to labor and distribution according to the contribution of production factors;
6. Addresses surplus value, exploitation, and the labor theory of value.