The Value Form

The Value Form is a concept from Marx’s economic theory that explains how products gain worth through human labor. It describes how goods and services are exchanged based on their value, which reflects the amount of work put into them. In essence, products aren’t just valued for their material or utility, but for the socially necessary labor required to produce them. This idea helps us understand how markets assign prices and how labor underpins economic systems, highlighting the way human effort creates the foundation for the value of everything produced and exchanged.