| 11. | In it he rejected the labour theory of value and argued that wealth is a by-product of exchange.
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| 12. | The Austrian School of economics charges Marx's economic system with being based on the classical labour theory of value.
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| 13. | The labour theory of value held that the value of a thing was determined by the labour that went into its production.
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| 14. | Prices were largely determined on the basis of the costs of inputs, a method derived from the labour theory of value.
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| 15. | In it, Marx focused on the labour theory of value and what he considered to be the exploitation of labour by capital.
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| 16. | Imprisoned in 1888, Danielsson celebrated the event by composing a pamphlet on the labour theory of value while serving out his sentence.
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| 17. | In contrast both, Marx's Labour Theory of Value and the'Emergy'concept are conceived as donor-type value.
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| 18. | Petty tried to develop a par between land and labour and had what might be called a land-and-labour theory of value.
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| 19. | His first major work, " Studies in the Labour Theory of Value ", was published by Lawrence & Wishart in 1956.
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| 20. | Furthermore, Smith and Petty developed labour theories of value, as did David Ricardo, Henry George, and Karl Marx in the 19th century.
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