• Home
  • Publikasi
  • A Comparative Study Of Khaldun, Smith, and Marx Thinking about The Labor Theory Of Value

Penelitian

A Comparative Study Of Khaldun, Smith, and Marx Thinking about The Labor Theory Of Value

Tanggal Publikasi: 14 Nov 2022

Abstrak

The value of the goods or commodities depends on the worker's performance, according to the labor theory of value. Therefore, every worker must have a clear calculation of receiving wages. But how to determine the right calculation for the wages of a worker? In this case, Islam, capitalism, and socialism have their respective views. So, this study aims to determine the views of the three schools about the labor theory of value. The method used by researchers in conducting this research is to use the method of literature study and comparative analysis. And to compare the thoughts of the three schools of economics, the researcher refers to the figure of the school's experts as representatives. Researchers chose Khaldun from the Islamic side, Adam Smith as a representative of capitalism, and Karl Marx as a reference figure for socialism. 

 

Keyword

Labor Theory of Value, Ibnu Khaldun, Adam Smith, Karl Marx, Comparative Study