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Marx held a labor theory of value. This means that: Labor is the only productive input that has exchange value in the market. Labor imputes
Marx held a labor theory of value. This means that:
Labor is the only productive input that has exchange value in the market.
Labor imputes value into things, and the amount of labor imputed into something is reflected in its exchange value.
Capital can only be used with labor, so capital owes all of its value to labor.
Workers must labor to produce capital that is of any value.
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