Adam Smith och den problematiska värdeteorin
ProduktionskostnadVärdeteoriPriskomponenterArbetsvärdeSocial and economic historyEkonomisk och social historiaHistory and Archaeology
Adam Smith?s economic theory is often subject to criticism, in which it is claimed to be inherently inconsistent. Recently, criticism from well-known scholars has arisen claiming Smith should be characterized a labor value theorist anticipating Karl Marx. This study seeks to analyze whether such criticism is legitimate. Firstly, the economic theory of Smith is discussed in terms of consistency, and secondly, a number of typical and main points of the critique, from the most influential of his contemporary critics, are lifted up and analyzed. The study concludes that Smith?s economic theory should be considered consistent, stressing the fact that he did not initially formulate a generally applicable theory. Also, the criticism seems inconsistent and misplaced. It fails to show that the value theory of Smith is a labor theory of value.