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Was ist falsch an der Arbeitswerttheorie? Wie Wert wirklich gebildet wird
[What is wrong with the labor value theory? How value is really made]

Author

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  • Lippert, Rainer

Abstract

In this article it is shown that the labor value theory according to Marx is flawed in a central aspect: Neither the surplus value nor the value is produced. Value is a social relationship that is formed on the social level between exchange partners. Potential goods are produced as reference points for possible value relationships. They are shaped by manpower, machine and nature. On this basis, the description of value formation deviates from the classical interpretation of labor theory, and the value is no longer perceived as a subjective singularity (as a generated "work value", that can only be an expectation value) but as a real relationship between humans.

Suggested Citation

  • Lippert, Rainer, 2019. "Was ist falsch an der Arbeitswerttheorie? Wie Wert wirklich gebildet wird [What is wrong with the labor value theory? How value is really made]," MPRA Paper 91189, University Library of Munich, Germany, revised 02 Jan 2019.
    • Handle: RePEc:pra:mprapa:91189
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    File URL: https://mpra.ub.uni-muenchen.de/91189/1/MPRA_paper_91189.pdf
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    Cited by:

    1. Horst Treiblmaier, 2022. "Do cryptocurrencies really have (no) intrinsic value?," Electronic Markets, Springer;IIM University of St. Gallen, vol. 32(3), pages 1749-1758, September.

    More about this item

    Keywords

    Karl Marx; labour theory of value; labor value; labor value as a social relationship;
    All these keywords.

    JEL classification:

    • B0 - Schools of Economic Thought and Methodology - - General
    • B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist
    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian

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