It's easy to blame Marx for the Labor Theory of Value but that was just the economic theory of his time. For example Ricardo, who Marx largely based his econom

It's easy to blame Marx for the Labor Theory of Value but that was just the economic theory of his time. For example Ricardo, who Marx largely based his economic theories on, was a classical economist who was also subscribed to the LTV[0]. [0] - http://en.wikipedia.org/wiki/David_Ricardo#Value_theory http://en.wikipedia.org/wiki/David_Ricardo#Value_theory