Tag: labor theory of value

A new labor theory of value? Not to be found in Marx’s work

30 April, 2021 · Foundations

«Detroit», by Diego de Rivera

It is common to ascribe a labor theory of value to Das Kapital. But this is incorrect. In fact the opposite is the case. And the difference matters, and very much so, for understanding what capitalism really is and how to fight against it under today’s conditions.