A Proof of Labor Theory of Value Based on Marginalist Principle
2019
Because anti-Marxist's criticism against Fundamental Marxian Theorem (FMT) is based
on an assertion that this proof can be understood as a “natural-resources exploitation,”
if we assume, for example, “natural-resources theory of value,” we should prove not
only exploitation but also labor theory of value itself. Therefore, this article aims
to prove labor theory of value mathematically by focusing on the historically conditional
proportionality between labor input and amounts of products which is assumed in labor
theory of value. By this proof of the conditional proportionality, we show that marginalist
principle does not disturb labor theory of value in capitalism at all. Furthermore,
marginalist principle is important to show the labor process as a subjective optimization
process which is not by the sun but only by human beings. In this way, we use anti-Marxist's
marginal principle to object anti-Marxist criticism against labor theory of value.
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