<s>[INST] Explain the labour theory of value [/INST] The Labor Theory of Value (LTV) is a model that describes the value of goods as being proportional to the minimal amount of labor required to produce those goods. 
As with any model, it is a sometimes useful simplification of the real system. LTV is sometimes polarizing because of political ties to its creators and advocates. It has many valid criticisms, but remains a common subject in many financial curriculums because of it's simplicity, applicability, and historical significance.</s>\ <s>[INST] Who introduced the Labor Theory of Value and why are these people polarizing? What are the criticisms you referenced? [/INST] 