Q's regarding Marx's economics

[Phantom]

As I told you before I'm new to Marxism. So my questions may seem absurd. But they are puzzling me.

The value of a commodity is the socially necessary labor required to produce it, right? Then what determines the value of an uncultivated piece of land?

[ZeroNowhere]

An uncultivated piece of land is not a commodity, so this doesn't really fit into labour theory of value, if that's what you're getting at.

[mikelepore]

Land isn't produced, so it's price isn't based on a value. Supply and demand determine the price.

For a product that's continuously produced and exchanged, supply and demand are just a part of the story. The price is based on a value plus a fluctuation caused by supply and demand.

[Sand Castle]

You might not like the CPUSA, and I understand why, but you might be interested in reading this.

http://cpusa.org/article/articleview/827/1/129/