Is the Labor Theory of Value junk? (hexbear.net)

submitted 2 years ago* (last edited 2 years ago) by [email protected] to c/[email protected]

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There’s this new video by a good YouTuber - Value by Unlearning Economics. There was also an article by Ben Burgis for the Jacobin which argued the same.

Is it possible, as both these people argue, to separate Marx’s critique of capitalism from his theory of value? To keep the former and discard the latter?

Edit - I’m not siding with the video or with Burgis, btw. I think Marx’s value theory is correct. I’m just looking for people who can shine some light on this new(?) phenomena of leftists speaking out against LTV while trying “save” Marx’s critique of capital. To me, that just seems like a pointless and hopeless endeavour.

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[-] [email protected] 1 points 2 years ago

I would suggest then reading the text again very carefully and potentially even delving into Value, Price and Profit.

Also this title has big :bait: energy

[-] [email protected] 1 points 2 years ago* (last edited 2 years ago)

I would actually say read VP+P and Wage Labour and Capital before reading Capital. It gets across 90% of the main ideas from Marx that you’d want to explain to a friend or co-worker to try and set them down the commie path.

Plus they’re much shorter and easier to read.

[-] [email protected] 0 points 2 years ago

Also this title has big :bait: energy

Man…this has happened multiple times to me. I don’t know what to do.

[-] [email protected] 1 points 2 years ago* (last edited 2 years ago)

I don’t know what to do

Stop being a lib.

[-] [email protected] 1 points 2 years ago

As long as youre putting in the effort, its all good, youre a comrade.

this post was submitted on 06 Nov 2022

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