To Marx, the cost of capital was determined by the amount of labor required to produce it.

Name: To Marx, the cost of capital was determined by the amount of labor required to produce it.
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According to Marx's labor theory of value, the value of a commodity is determined by the amount of socially necessary labor time required to produce it. Therefore, the cost of capital, like any other commodity, is determined by the amount of labor required to produce it.

To Marx, the Cost of Capital Was Determined by the Amount