Economics Department Working Paper Series

Working Paper Number

2020-13

Publication Date

2020

Abstract

Attempts to use commodities to construct theories of value and use such value theory to claim that, in capitalism, commodities can be exploited, just like labour is, rest on two conceptual flaws: (a) failure to distinguish between labour and labour-power; and (b) failure to distinguish labour-power and other commodities. One way to avoid these conceptual mistakes is to use the labour theory of value.

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This work is licensed under a Creative Commons Attribution 4.0 License.

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