Abstract
In the first two volumes of Capital,1 Karl Marx developed in a rather informal fashion a theory of value. It is known that this theory of value owes a lot to Ricardo’s labor theory of value, but I shall not be concerned in the present book with establishing in what respects Marx’s theory is similar or different from that of Ricardo’s. Instead, I shall take Marx’s theory as point of departure of the history of a theory of value that everybody shall agree in calling ‘the Marxian theory of value’ (MTV, for short).
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