Karl Marx declared that all value stems from labor. Was he right?

Blair Fix

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 … the value of a commodity is determined by the quantity of labour spent on it …
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— Karl Marx  In the 1860s, Karl Marx declared that all value stemmed from labor. A century-long firestorm ensued. On its own, Marx’s claim seems innocent enough. But what made it incendiary was how he used it. Starting from the idea that labor creates value, Marx built a seductive critique of capitalism.

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