Assertion: price's value | /r/HasProperty | necessary abstract labor
Facets:
value: socially
type: MANNER
value: in his terms
type: OTHER
Source sentences:
text: In his terms, value is the 'socially necessary abstract labor' embodied in a commodity.
text: In another classical tradition, Marx distinguished between the "value in use" (use-value, what a commodity provides to its buyer), labor cost which he calls "value" (the socially-necessary labour time it embodies), and "exchange value" (how much labor-time the sale of the commodity can claim, Smith's "labor commanded" value).