[[Value]].
The one property that all commodities have in common, and through which their βvalueβ can be determined, is that each is a product of human labor
Commodities can exchange according to the relative amount of labor-time that it takes to produce them
Thatβs why mainstream economists today are known as neoclassical, rather than classical, economists. They profess dedication to the likes of Smith and Ricardo but have discarded the troubling labor theory of value. After all, if the producers of wealth are laborers and not the bosses, then the popular slogan of May 1968, βThe boss needs you; You donβt need the boss,β is not abstract hyperbole, but a concrete roadmap for the future
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