Assume that the value of a good is determined by the amount of labour time a worker

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Assume that the value of a good is determined by the amount of labour time a worker puts into production. How does Marx explain why a worker who is inefficient and takes twice the time of the average worker to produce the good is not more valuable?

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Economics

ISBN: 9781473768543

5th Edition

Authors: Gregory Mankiw, Mark P. Taylor

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Question Posted: Apr 26, 2024 02:01 AM

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Assume that the value of a good is determined by the amount of labour time a worker

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Marx would argue that the value of a good is not determined by the indiv...View the full answer

Economics

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