socially necessary labor time

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• Socially necessary labour time — in Marx s critique of political economy is what regulates the exchange value of commodities in trade and consequently guides producers in their attempt to economise on labour. Unlike individual labour hours in the classical labour theory of value …   Wikipedia

• Labor theory of value —    This theory, elaborated by classical economists, most notably David Ricardo in 1817, who had preceded Karl Marx, is the starting point for Marx’s own theory of surplus value or exploitation. According to the labor theory of value the value of… …   Historical dictionary of Marxism

• Labor theory of value — The labor theories of value (LTV) are theories in economics according to which the values of commodities are related to the labor needed to produce them.There are many different accounts of labor value, with the common element that the value of… …   Wikipedia

• Means of labor — Part of a series on Marxism …   Wikipedia

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• Capital, Volume I — is the first of three volumes in Karl Marx s monumental work, Das Kapital, and the only volume to be published during his lifetime. Originally published in 1867, Marx s aim in Capital, Volume I is to uncover and explain the laws specific to the… …   Wikipedia

• Critique of capitalism — Capitalism has been critiqued from many perspectives during its history. Criticisms range from people who disagree with the principles of capitalism in its entirety, to those who disagree with particular outcomes of capitalism. Among those… …   Wikipedia

• Criticism of capitalism — This article lists arguments against capitalism, For a summary of ideologies opposed to capitalism, see Anti capitalism. Part of a series on Capitalism …   Wikipedia

• Australian Labor Party — Infobox Australian Political Party party name = Australian Labor Party party party wikicolourid = Labor leader = Kevin Rudd deputy = Julia Gillard president = Mike Rann foundation = 1891 ideology = Democratic socialism, Social democracy, Third… …   Wikipedia

• SNLT — Start No Later Than .... (Business » General) ** Socially Necessary Labor Time (Business » General) ** Speed Negotiation Lock Time (Computing » Security) * Self Normalized Linear Test (Academic & Science » Mathematics) * State Network Leadership… …   Abbreviations dictionary