this post was submitted on 19 Mar 2024
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Labor theory of value. Read theory people. It makes you better informed.
I've read a lot about labor theory of value. I think it's wrong though. Value is 100% an individual decision, there is no inherent value, in my opinion. And none of Marx's theories are "scientific". And before someone says it, maybe Adam Smith argued LTV, I don't know, I've never read any Adam Smith- doesn't change that I disagree with LTV
Ah, the subjective theory of value. It is an interesting paradox.
Thanks for the link, I didn't know the history behind it- I just remember vaguely someone chastising someone for calling LTV Marxist and saying that Adam Smith believed in it.