The labour theory of value maintains that the value of all commodities is derived from the quantum of labour used to produce that commodity. While John can make a coffee table is 15 hours, it takes Ian 20 hours to make the same table. Using the labour theory of value, is Ian's table more valuable than John's table? Why or why not?

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No according to the strict labor theory of value Ians table wouldnt be inherently more valuable than ... View the full answer