If the labor theory of value is correct as communists claim, why is it that pretty much no economist of note agrees with it, and hasnt agreed with it since the late 19th century? Is everyone brainwashed by capitalism except for you?
If the labor theory of value is correct as communists claim...
Ethan Nelson
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Joseph Gomez
tbh, yes
John Phillips
Having talked to some people in business and economics, a lot of them apparently don't even know what the fuck the LTV says.
Most of them are still "lol if i spend 1 billion hours digging a ditch and filling it back in its the most valuable thing ever right :DDD" and don't recognize differences between price and value.
Henry Stewart
Because Most opposition to the LTV today is born out of neoclassical idiots who have never read marx and just rely on muh mudpies.
Elijah Butler
What is the difference?
Levi Lopez
I took economics for my degree, we learned about it along with other theories by Smith and Ricardo. They follow it up by teaching you about marginalism and moving on entirely without talking about the advantages or disadvantages of either. It seems like they just want to be as breif about it as possible so you just forget about it.
Caleb Ramirez
Well if LTV was accepted by these economists as legitimate they would not have their jobs anymore, capitalism would have lost its ideological justification. I think you are forgetting OP how bound up Marxist LTV is with other Marxist notions and that you need to accept them in conjunction. For instance, economics postulates that we are all little capitalists whereas the Marxist analysis of means and relations of production generate notions of class, so there is a fundamental disagreement there.
Nathaniel Thompson
Value is by and large how difficult/laborious something is to produce. Price is how much things are traded for.
Cooper Martinez
LTV isn't fully correct, Marx didn't have funny things like mass marketing and so on back then.
Robert Gutierrez
If you want to see it as written by someone other than Marx