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LTOV
(redirected from Labor theory of value)

    Also found in: Wikipedia 0.01 sec.
AcronymDefinition
LTOVLabor Theory of Value (socialism)
LTOVLong Term Overseas Volunteer (various organizations)
LTOVLatest Time Information Is of Value
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THEORIES OF VALUE Professionals undervalue their services because they are operating under the labor theory of value, which posits that the value of a service is determined by the amount of labor used in its production.
Pricing on purpose: how to implement value pricing in your firm by Baker, Ronald J. / Journal of Accountancy
However, the labor theory of value was used by Karl Marx and other communist and socialist economists to justify central planning since, if value was a strict consequence of labor invested, then "correct" valuations could be determined by enlightened central planners.
Free-market thinkers: with bailouts and other unabashed socialist ... by Scaliger, Charles / The New American
In fact, he continued to apply a pure labor theory of value in the subsequent chapters of his book, including chapter 7 on foreign trade.
How would David Ricardo have taught the principle of comparative ... by Maneschi, Andrea / Southern Economic Journal
 
 
 
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