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《Contemporary Finance & Economics》 2006-01
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A Review on Three Theories of Value

ZHANG Kun-lun(Henan University,Kaifeng 475001,China)  
Four issues remain unresolved with the conventional theory on labor value:first,the necessary social labor is difficult to measure in quantity;second,complicated work and simple work are hard to ascertain with accuracy in terms of multiplication and addition;third,it is impossible to explain why natural products also have prices and values;there still exists a theoretical paradox with regard to the value affiliation,i.e.,the theory of production factors can not be completely overthrown while capital and land can not "create" value,but only "generate" value.The law of the diminishing marginal benefit expressed in the marginal benefit theory is correct;commodity evaluation in terms of their benefit needs to be justified;in fact,the theory of commodity value by Karl Marx and the theory of marginal benefit value are relevant to each other.
【CateGory Index】: F014.3
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