Capital vs. Labor Theory

The Capital Theory of value emphasizes that wealth derives mainly from accumulated assets such as machinery, buildings, and investments (capital). It argues these resources enable production and generate income. The Labor Theory of value asserts that the value of a product fundamentally comes from the劳动 or effort of workers involved in creating it. While Capital Theory highlights the importance of physical assets, the Labor Theory stresses human effort. Both perspectives analyze how goods and wealth are created, with Capital Theory focusing on accumulated resources and Labor Theory on productive human work, often used in debates about economic value and income distribution.