The labor theory of value is the core Marxist economic principle, and it is incorrect.
This is probably a really dumb rhetoric (I’ve seen it a lot), but I’d to see a good explanation of how dumb it is. Is it like “Newtonian physics doesn’t explain black holes, therefore gravity DNE” or is it something else?
To take a step back, the user claims Marx was wrong about some details, but I’m presuming they’re not saying it for no reason, the unstated and implied conclusion is probably something like “therefore, we shouldn’t try socialism”.
At least I’m trying to follow the logic of if Marx was wrong about X, Y, Z, then [conclusion], but there’s only the claim that he was wrong about some random things as if anyone gives a shit if Marx was wrong about some obscure economics detail 100 years ago.
The empirical grounding for the labor theory of value has been conclusively proven since at least 1998 thanks to statistical work from Anwar Shaikh and Eduardo M. Ochoa using US input output data
To be honest you don’t even have to go that far, these libs literally don’t know the difference between use value and exchange value, or embodied labor and concrete labor
This is probably a really dumb rhetoric (I’ve seen it a lot), but I’d to see a good explanation of how dumb it is. Is it like “Newtonian physics doesn’t explain black holes, therefore gravity DNE” or is it something else?
To take a step back, the user claims Marx was wrong about some details, but I’m presuming they’re not saying it for no reason, the unstated and implied conclusion is probably something like “therefore, we shouldn’t try socialism”.
At least I’m trying to follow the logic of if Marx was wrong about X, Y, Z, then [conclusion], but there’s only the claim that he was wrong about some random things as if anyone gives a shit if Marx was wrong about some obscure economics detail 100 years ago.
The empirical grounding for the labor theory of value has been conclusively proven since at least 1998 thanks to statistical work from Anwar Shaikh and Eduardo M. Ochoa using US input output data
To be honest you don’t even have to go that far, these libs literally don’t know the difference between use value and exchange value, or embodied labor and concrete labor