Luke McCarthy’s Reviews > Capital: A Critique of Political Economy Volume 1 > Status Update

Reading all these debates about the 'labour theory of value' then Marx straight up just says: "Socially necessary labour-time is the labour-time required to produce any use-value under the conditions of production normal for a given society and with the average degree of skill and intensity of labour prevalent in that society." Value is a social property, it's average determined by circulation/exchange.