Value Theory

Cost-of-Production Theory: Understanding the Determinants of Value
A comprehensive exploration of the Cost-of-Production Theory, which expands on the Labor Theory of Value by incorporating capital and other non-labor costs.
Subjective Theory of Value: Emphasizing Individual Preferences and Marginalism
The Subjective Theory of Value is an economic theory that highlights the importance of individual preferences and marginal utility in determining the value of goods and services.
Labor Theory of Value: An Effort to Define the True Value of a Good
An in-depth look at the Labor Theory of Value, which attributes a product's value to the labor required for its production, largely central to Marxist economics.
Labor Theory of Value: An In-depth Analysis
A comprehensive exploration of the Labor Theory of Value, its historical context, key proponents, and its implications in economics.

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