Karl Marx's argument that the value of any commodity is determined by the amount of labor time used in its production is the essence of:
A) the labor theory of value.
B) his perspective on the class struggle between industrial workers and craftsmen.
C) the economic interpretation of history.
D) his theory that surplus value and capital accumulation are irrelevant.

Question

Quizplus · Accepted Answer

Karl Marx's argument that the value of any commodity is determined by the amount of labor time used in its production is the core of the labor theory of value.

Karl Marx's Argument That the Value of Any Commodity Is