Labor Theory of Value Social Sciences Essay Paper (Essay Sample)

Labor Theory of Value
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Labor Theory of Value
Notably, one of the renowned sociology theorists is Marx who introduced the labor theory of value which diminishes capitalism. The reason for choosing this discipline and theorist is that it develops a critical understanding regarding the authenticity of the different reasonable prices and the way products should be valued in the consumer market. Holistically, choosing the sociology discipline is vital because it helps people to comprehend the nature of human society and their interaction. Moreover, analyzing the sociology discipline is important since it explains different problems affecting people in society. Arguably, individuals can develop excellent critical thinking skills since they understand distinct occurrences around them through sociology (Swedberg, 2018). Therefore, evaluating Marx's labor theory of value develops a comprehension among the public regarding the value of different commodities and respective employee wages, as per the time spent in making the product or service.