In various high-noise/low-signal Usenet newsgroups, one finds "debates" on "The Labor Theory of Value" and Karl Marx's ideas on the topic. The article that follows this foreward and introduction was written by Frederick Engels, closest friend to Karl Marx. Engels, herein, addresses those who have trouble grasping Marx's statements on human labor and value. It is well-argued and explains Marx's application of the theory of value in human economic history and the formulation of our modern capitalist mode of production. Upon reading this, it becomes clear that most of the net "debates" about "Marx's" theory of value bear zero resemblance to historic record. So-called net "debates" involve presuppositions on what the (labor) theory of value is and what Marx said about it. Once these strawmen are erected, then, as if in orgasmic revelation, the "debater" points to things like buggy-whips and/or mud-pies as glorious refutation -- "If labor makes value, how come my mud pies aren't worth anything!?" Most net-versions of the (labor) theory of value attributed to Marx are, of course, inventions. This myth surrounding Marx and the (labor) theory of value seems to have grown to monumental proportions -- reminiscent of those who _swear_ there is a modem tax imminent, another timeless net myth. No doubt such posters are sincere. But then the question arises: where are they getting this idea from? It seems to continually crop up, often worded the same way; is there some ill-informed text people are accessing somewhere? Or does this myth simply feed on itself, spoken so many times in newsgroups people believe it true? ("Whatever I say three times is true", to quote the snark.) -- kkc (zodiac@io.org)