2 Comments
User's avatar
Chartertopia's avatar

It seems plausible to me that the labor theory of value made a lot more sense when Adam Smith wrote in 1776 than when Karl Marx wrote in 1848. There was a lot of technological progress in those 72 years, and a lot of labor work changed from drudgery to thinking.

Ibis's avatar

The work was always “thinking”; all so-called drudgery requires it. What is unmistakably observable post-1776 is that fact, and just how unmistakably true it always was.