askchapo

22752 readers

316 users here now

Ask Hexbear is the place to ask and answer ~~thought-provoking~~ questions.

Rules:

Posts must ask a question.
If the question asked is serious, answer seriously.
Questions where you want to learn more about socialism are allowed, but questions in bad faith are not.
Try [email protected] if you're having questions about regarding moderation, site policy, the site itself, development, volunteering or the mod team.

founded 4 years ago

MODERATORS

[email protected]

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]

18 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] [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.