labor value theory

A form of labor theory of value — The theory, usually associated with Marxian economics, that freely reproducible goods obtain their value from socially necessary human labor time.

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Meanings

nounlabor value theory (uncountable)
  1. alternativeuncountableeconomicsAlternative form of labor theory of value.
Cite this entry
APA

labor value theory. (n.d.). In WatkinsX Dictionary. Retrieved November 2, 2026, from https://dictionary.watkinsx.com/word/labor%20value%20theory

MLA

“labor value theory.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/labor%20value%20theory. Accessed November 2, 2026.

Chicago

WatkinsX Dictionary, s.v. “labor value theory,” accessed November 2, 2026, https://dictionary.watkinsx.com/word/labor%20value%20theory.

Source: labor value theory on Wiktionary, CC BY-SA 4.0.