labor theory of value

This article examines major problems in one of the fundamental constructs of Marx's theory of capitalist economics. The shortcomings of the labor theory of value are pointed out in Marx's Capital to show how this leads to the collapse of "capitalist exploitation" as a thesis. The subjective theory of value in ...

The 24th anniversary of the fall of the Berlin Wall (November 2013) gives us a good reason to look back at the economic and philosophical foundations of Marxism; of the “scientific” communism that was supposed to lead humanity to the inevitable final stage of history and the end of the dialectical clash between classes. We all know what this experiment led to…