Editing Marxism (section)

===Law of value===
The core theory of the law of value is that the value of a commodity is determined by the socially necessary (this is actually a subjective judgment) labor time put into it. Rejecting the idea of labor being the source of all wealth, the theory says that nature is an equally important contributor to wealth as labor. According to the law, homogeneous human labour, expenditure of one uniform labour power is the form of labour that forms the substance of value. The value of one commodity is to the value of any other, as the labour time necessary for the production of the one is to that necessary for the production of the other.