Difference between revisions of "Value"

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(New page: Value is the relative worth of a commodity in exchange for other commodities.)
 
 
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Value is the relative worth of a commodity in exchange for other commodities.
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'''Value''' is the relative worth of a [[commodity]] in exchange for other commodities.
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[[Free market]] economists agree with [[Karl Marx]] in one respect: "A thing cannot have value, if it is not a useful article. If it is not useful, then the labor it contains is also useless, does not count as labor and hence does not create value" [http://www.thefreemanonline.org/columns/tgif/progressive-intolerance/]
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==See also==
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*[[Conservative values]]
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*[[Traditional values]]
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*[[Family values]]
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[[Category:Dictionary]]

Latest revision as of 17:58, October 8, 2025

Value is the relative worth of a commodity in exchange for other commodities.

Free market economists agree with Karl Marx in one respect: "A thing cannot have value, if it is not a useful article. If it is not useful, then the labor it contains is also useless, does not count as labor and hence does not create value" [1]

See also