ambiguity conveyed by the word value especially when it comes to the value of labour. For this word was used in those … exchangeable-value but also, within the former concept, the two further concepts of the (positive) use-value of labour from the … latter is the sense in which Smith’s ambiguous notion of the “value of labour to the labourer” and his related corollary of …

‐financial terms. In contrast to the tendency to calculate and include only the cost of labour, the value of labour should also be …