Karl Marx

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Karl Marx. 1 connected concept: Cost-of-production theory of value (related to).

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Community · Cost-of-production theory of value

Summary

Karl Marx was a German philosopher, social and political theorist, economist, and revolutionary socialist.

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Connections1

proponent of the labor-cost variant
Marx adopted the classical cost-of-production framework, specifically the labor theory of value, to develop his critique of capitalism and the concept of surplus value.
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Facts