Debate: Labor Theory of Value (LTV) vs Subjective Theory of Value (STV)


Subdebate: Are all components of price are reducible to labor?


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Definition: surplus

For the purpose of avoiding confusion in the debate, we try here to agree on a definition, or if necessary a set of definitions, for a given term. (More info...)

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The debaters have agreed, for the purposes of this debate, on the following definition(s) of surplus:
  1. (for the purposes of this debate) money gained by selling a commodity above and beyond its production costs.