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# {{lb|en|economics|political science}} The theory, usually associated with [[Marxian]] economics, that freely reproducible goods get their value from socially necessary human labor time.
# {{lb|en|economics|political science}} The theory, usually associated with [[Marxian]] economics, that freely reproducible goods obtain their value from [[socially necessary labour time|socially necessary human labor time]].
#: {{syn|en|LTV<q:abbreviation>}}
#: {{syn|en|LTV<q:abbreviation>}}



Revision as of 07:34, 3 May 2024

English

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Noun

labor theory of value (uncountable)

  1. (economics, political science) The theory, usually associated with Marxian economics, that freely reproducible goods obtain their value from socially necessary human labor time.
    Synonym: (abbreviation) LTV

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