What is wrong with the Labour Theory of Value? How value is really created

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Challenging traditional views, this work presents a fresh perspective on the Marxist Labour Theory of Value, arguing that the classical interpretation is overly idealized. The author posits that value should be understood as a real social relationship rather than merely linked to human labor products. This redefined concept of value broadens its applicability, extending to all goods and activities involved in exchange. By introducing these new ideas, the paper aims to enrich the ongoing discourse surrounding value theory and its implications in political economics.