value of labor

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• 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

• Value product — The value product (VP) is an economic concept formulated by Karl Marx in his critique of political economy during the 1860s, and used in Marxian social accounting theory for capitalist economies. Its annual monetary value is approximately equal… …   Wikipedia

• Value added — refers to the additional value of a commodity over the cost of commodities used to produce it from the previous stage of production. An example is the price of gasoline at the pump over the price of the oil in it. In national accounts used in… …   Wikipedia

• Value — Val ue, n. [OF. value, fr. valoir, p. p. valu, to be worth, fr. L. valere to be strong, to be worth. See {Valiant}.] 1. The property or aggregate properties of a thing by which it is rendered useful or desirable, or the degree of such property or …   The Collaborative International Dictionary of English

• Value received — Value Val ue, n. [OF. value, fr. valoir, p. p. valu, to be worth, fr. L. valere to be strong, to be worth. See {Valiant}.] 1. The property or aggregate properties of a thing by which it is rendered useful or desirable, or the degree of such… …   The Collaborative International Dictionary of English

• Labor Relations Reference Manual — (LRRM) is an American case reporter devoted exclusively to labor law published by the Bureau of National Affairs (BNA). It is published 3 times a year and includes decisions of federal and some state courts, the National Labor Relations Board… …   Wikipedia

• labor under a delusion/misapprehension/misconception — ◇ If you continue to believe something that is not true, you are laboring under a delusion/misapprehension/misconception. He still labors under the delusion that other people value his opinion. • • • Main Entry: ↑labor …   Useful english dictionary

• Value (economics) — Economics …   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 LAW — In Scripture Two fundamental principles relating to the laws of the hired servant are enjoined in the Pentateuch. Firstly, the master s duty to pay the wages of his servant on time: The wages of a laborer shall not remain with you until morning ; …   Encyclopedia of Judaism

• LABOR — Jewish Labor Organizations IN THE PRE STATE PERIOD Since the last decades of the 19th century, a number of sporadic labor associations have arisen in agriculture and in the printing, clothing, and building trades, as well as groups limited to a… …   Encyclopedia of Judaism