What is the Labour Theory of Value?

What is value? This question has perplexed the human mind for more than 2,000 years. The classical bourgeois economists grappled with the question, as did Marx. Joe Russell, Executive Committee member of the RCP, discusses Marx’s completion of the Labour Theory of Value, and provide a defence of his economic ideas against attacks from modern day critics.🔗 ⁠Head to our website for more analysis on the topic⁠✊ ⁠Join the Revolutionary Communist Party⁠📰 ⁠Subscribe to The Communist and the In Defence of Marxism magazine⁠💸 ⁠Donate to the RCP⁠🌐 ⁠Read the latest news and analysis from the RCI