/lit/ - Literature

General discussion thread for the LTV

What are the fundamentals of the Smithian, Ricardian, and Marxist LTV?
Why do you consider them/it still relevant and, if you are willing, explain why they are more apropos to understanding value?
Why do you agree with it in general?
Why do you disagree with it?
What alternative theorems do you suggest in its place?

Post excerpts from corrobating/supporting or approbating/refutative literature in regards to it or simply just post the name of the piece, in question.
Please divorce political ideology from your posts, as I'd presume that its in your interest to accumulate useful knowledge concerning this topic, which the discussion around should be primarily economics-related.
>inb4 go to /biz/
This is critical element of Marxism and earlier economic theorems, which has had a great impact on literature, sociology and philosophy.
Also they are just speculators, albeit not very good ones.

Mostly I just wanna avoid getting knowledge about economics from pseuds like in >pic related.