| ▲ | mystraline 10 hours ago | |||||||
"It is difficult to get a man to understand something when his salary depends upon his not understanding it" - Upton Sinclair And, well, you are right that there are 'debunkments' of Labor Theory of Value. Of course, they are put out by hard right-wing laissez faire capitalist enclaves, like Mises. I would never expect them to take a dispassionate view of capitalism, given their extremist position. https://mises.org/mises-wire/three-arguments-debunking-marxs... | ||||||||
| ▲ | simianwords 9 hours ago | parent [-] | |||||||
I asked ChatGPT this: "who is the single one contemporary person who took labour theory of value seriously in an academic sense?" ChatGPT: G.E Cohen. (G.E Cohen is an Analytical Marxist BTW) Here's what G.E Cohen has to say specifically on LTV: 1. "labour theory is, moreover, false" [1] 2. "The labour theory of value is not a suitable basis for the charge of exploitation laid against capitalism by Marxists, and the real foundation of that charge is something much simpler which, for reasons to be stated, is widely confused with the labour theory of value." [2] [1] https://andrewmbailey.com/money/readings/cohen [2] https://www.versobooks.com/blogs/news/3128-the-labour-theory... So here you have the one guy who took this flawed concept seriously, * from the side of Marxism * and then has to conclude that it is false. | ||||||||
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