Classifier Instance:

Anchor text: Scholastic philosophers
Target Entity: Scholasticism
Preceding Context: Early insights in the labour theory of value appear in AristotleĀ“s Politics. He developed a "theory of the value of labour", holding that the value of labour skills is given by the goods they command in the market. He maintained that value is not created solely by the expenditure of labour in the production process, but also the utility and labour skills are pertinent to the determination of exchange values and exchange ratios.
Succeeding Context: like St. Thomas Aquinas, based on Aristotle's theories, produced early labour values theories. Some writers (including Bertrand Russell and Karl Marx) think the labour theory of value can be traced back to him. In his Summa Theologiae, he expresses that "... value can, does and should be increase in relation to the amount of labor which has been expended in the improvement of commodities".
Paragraph Title: The birth of the LTV
Source Page: Labor theory of value

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