The values of commodities are directly as the times of…
““The values of commodities are directly as the times of labour employed in their production, and are inversely as the productive powers of the labour employed.””
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
The value of a commodity is set by the labor time needed to produce it, adjusted for labor productivity.
In simple terms: Value depends on labor time and productivity.
Key Takeaway
Consider labor efficiency when assessing value.
Themes
economics
labor
value theory
Mood
analytical
critical
Type
theoretical
academic
When to use this quote
- pricing
- production planning
- policy analysis
- educational lectures
Key Concepts
Marxism
labor theory of value
Questions to Reflect On
- How does labor productivity affect price?
- Can value be measured without labor?
A Different Perspective
Ignores demand and utility aspects of value.