classical labor theory of value
E1002039
The classical labor theory of value is an economic doctrine, developed by thinkers like Adam Smith and David Ricardo, which holds that the value of a commodity is fundamentally determined by the amount of labor required to produce it.
All labels observed (1)
| Label | Occurrences |
|---|---|
| classical labor theory of value canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T12797007 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: classical labor theory of value Context triple: [Marxian labor theory of value, influencedBy, classical labor theory of value]
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A.
Marxian labor theory of value
The Marxian labor theory of value is an economic theory asserting that the value of a commodity is fundamentally determined by the socially necessary labor time required for its production.
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B.
General Theory of Value
General Theory of Value is a major work in philosophy by Ralph Barton Perry that systematically examines the nature, foundations, and role of value in human life and ethics.
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C.
The Process of Capitalist Production as a Whole
"The Process of Capitalist Production as a Whole" is the third volume of Karl Marx’s Das Kapital, in which he analyzes the overall dynamics of the capitalist system, including profit, interest, and the distribution of surplus value.
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D.
classical economics
Classical economics is a school of economic thought, originating in the late 18th century, that emphasizes free markets, competition, and the idea that self-interested behavior can lead to socially beneficial outcomes.
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E.
A General Theory of Exploitation and Class
A General Theory of Exploitation and Class is a foundational work in analytical Marxism that rigorously reconstructs Marxist class and exploitation theory using formal economic and philosophical methods.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: classical labor theory of value Target entity description: The classical labor theory of value is an economic doctrine, developed by thinkers like Adam Smith and David Ricardo, which holds that the value of a commodity is fundamentally determined by the amount of labor required to produce it.
-
A.
Marxian labor theory of value
The Marxian labor theory of value is an economic theory asserting that the value of a commodity is fundamentally determined by the socially necessary labor time required for its production.
-
B.
General Theory of Value
General Theory of Value is a major work in philosophy by Ralph Barton Perry that systematically examines the nature, foundations, and role of value in human life and ethics.
-
C.
The Process of Capitalist Production as a Whole
"The Process of Capitalist Production as a Whole" is the third volume of Karl Marx’s Das Kapital, in which he analyzes the overall dynamics of the capitalist system, including profit, interest, and the distribution of surplus value.
-
D.
classical economics
Classical economics is a school of economic thought, originating in the late 18th century, that emphasizes free markets, competition, and the idea that self-interested behavior can lead to socially beneficial outcomes.
-
E.
A General Theory of Exploitation and Class
A General Theory of Exploitation and Class is a foundational work in analytical Marxism that rigorously reconstructs Marxist class and exploitation theory using formal economic and philosophical methods.
- F. None of above. chosen
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
doctrine in classical economics
ⓘ
economic theory ⓘ theory of value ⓘ |
| appliesTo | reproducible commodities ⓘ |
| associatedWith |
classical economics
ⓘ
political economy ⓘ |
| assumes |
commodities produced for exchange
ⓘ
competitive markets in the long run ⓘ |
| basisFor |
Marxian theory of exploitation
ⓘ
labor theory of surplus value in Marxism ⓘ |
| contrastedWith |
marginal utility theory of value
ⓘ
subjective theory of value ⓘ |
| coreClaim |
labor is the source of economic value
ⓘ
the value of a commodity is determined by the labor required to produce it ⓘ |
| criticizedBy | neoclassical economists ⓘ |
| criticizedFor |
difficulty explaining prices of non-reproducible goods
ⓘ
neglecting marginal utility ⓘ problems with heterogeneous labor measurement ⓘ |
| developedBy |
Adam Smith
ⓘ
David Ricardo ⓘ Karl Marx ⓘ classical economists ⓘ |
| downplays | subjective preferences of consumers ⓘ |
| emphasizes |
cost of production
ⓘ
labor time required for production ⓘ |
| field | economics ⓘ |
| focusesOn | production side of the economy ⓘ |
| goal | explain long-run relative prices of commodities ⓘ |
| historicalRole |
foundation of classical political economy
ⓘ
precursor to neoclassical value theories ⓘ |
| influenced |
Marxian economics
ⓘ
labor theory of surplus value ⓘ
linked to:
Marxian labor theory of value
|
| influencedBy | labor as a measure of value in early political economy ⓘ |
| keyConcept |
cost-of-production price
ⓘ
natural price ⓘ socially necessary labor time ⓘ |
| language | English ⓘ |
| relatedConcept |
exchange value
ⓘ
profits ⓘ rent ⓘ surplus value ⓘ use value ⓘ wages ⓘ |
| timePeriod |
18th century
ⓘ
19th century ⓘ |
| usedBy |
Adam Smith in explaining natural prices
ⓘ
David Ricardo in explaining relative prices ⓘ Karl Marx in explaining exploitation ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: classical labor theory of value Description of subject: The classical labor theory of value is an economic doctrine, developed by thinkers like Adam Smith and David Ricardo, which holds that the value of a commodity is fundamentally determined by the amount of labor required to produce it.
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.