I think commentators here are missing what is really exciting about this. Back in the 70s it was impossible to calculate all the labour inputs to product, so socialist economies had to refer to capitalist economy pricing. This doomed Cybersyn and any other attempt to use the LTV to work backwards.

That problem is now solved.

▲

chermi 20 minutes ago | parent [-]

Are you claiming the pricing problem is solved? That you can set prices without the information gained from market?

	▲	vrganj 5 minutes ago \| parent [-]
		Yes, if you can fully track labor input, you can use LTV (Labor Theory of Value) to determine how much work went into a product and price it accordingly - that's what the poster above was referring to. https://en.wikipedia.org/wiki/Labor_theory_of_value