The values of commodities are directly as the times of…
“The values of commodities are directly as the times of labor employed in their production, and are inversely as the productive powers of the labor employed.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Commodity values reflect the amount of labor time required, adjusted for labor productivity.
In simple terms: Value equals labor time, modified by productivity.
Key Takeaway
Consider labor time and productivity when assessing value.
Themes
economics
labor theory
value
productivity
Mood
analytical
critical
Type
economic
theoretical
When to use this quote
- pricing goods
- wage negotiations
- production planning
- policy analysis
Key Concepts
Marxism
labor theory of value
economic measurement
Questions to Reflect On
- How does productivity affect price?
- What other factors influence value?
A Different Perspective
Ignores non‑labor factors like scarcity or demand.