Some Marxists have argued that labor is the ultimate source of the value of all manufactured goods

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Some Marxists have argued that labor is the ultimate source of the value of all manufactured goods (because some labor had to be used to produce all goods), and therefore payments to capital represent exploitation of labor.

a. Does capital produce value?

b. If payments to capital were forbidden, would payments to labor increase?

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Principles Of Microeconomics

ISBN: 9780812224177

1st Edition

Authors: Eugene Silberberg And Gregory Ellis

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Question Posted: Nov 08, 2024 06:00 AM

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Some Marxists have argued that labor is the ultimate source of the value of all manufactured goods

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Principles Of Microeconomics

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