this post was submitted on 19 Mar 2024
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[–] aidan@lemmy.world 2 points 7 months ago (1 children)

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

[–] TokenBoomer@lemmy.world 1 points 7 months ago (1 children)
[–] aidan@lemmy.world 1 points 7 months ago

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.