Dühring's Theory of Value

Dühring’s Theory of Value posits that the worth of a good or service is determined by the amount of social labor—organized human effort—required to produce it. Unlike subjective theories, which see value as personal or based on individual preferences, Dühring emphasized that value is rooted in objective labor input. He believed that the more labor necessary to create an item, the higher its value, and this forms a basis for understanding economic worth consistently across products and services in society.