Labour theory of value puts value on goods for the sole purpose of trading and explaining trades. Both LTV and STV does.
Marx’s use of LVT is to criticize how Capitalism leads to exploitation. But although the specifics differ SVT could still be used to raise the same critiques.
Labour theory of value puts value on goods for the sole purpose of trading and explaining trades. Both LTV and STV does.
Marx’s use of LVT is to criticize how Capitalism leads to exploitation. But although the specifics differ SVT could still be used to raise the same critiques.