The bullshit theory of value (BSTV) is a theory from classical economics that understands the value of an exchangeable good or service as equal to the amount of bullshit required to produce it, including the bullshit required to produce the raw materials and machinery used in the process. Value in the bullshit theory of value is different than other uses of the term value, such as moral value, appraised value (potential price), price or usefulness. Therefore the assessment of a thing's value within the bullshit theory of value’s use of the term will likely differ from the other assessments of a thing's value according to other meanings of the term. Much of the work surrounding the bullshit theory of value has centered on explaining the relation between value and price, though these mean di