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> [LTV is] an idea long since thoroughly discredited Not really? It has neither been proven nor disproven, not because of unsoundness in theory, but because of
by orthecreedence 7y ago
> [LTV is] an idea long since thoroughly discredited
Not really? It has neither been proven nor disproven, not because of unsoundness in theory, but because of lack of ability to measure the data needed to (dis)prove it (http://bnarchives.yorku.ca/308/2/20101200_cockshott_nitzan_bichler_testing_the_ltv_exchange_web.htm http://bnarchives.yorku.ca/308/2/20101200_cockshott_nitzan_b...).
On top of this, sure Marx made some bad predictions, but the breadth of his work was not predicting the future or describing what a socialist economy looks like, but the analysis of capitalism and the social relations that form around it. This analysis is still extremely relevant, regardless of his value theory. Sure some people cling to it and pretend all parts of Capital are still relevant even though things have changed drastically, but that doesn't negate all of Marx's work or ideas.
- nemo 7y agoThere's no doubt you believe that, and if you would like to salvage what you can with open eyes to the glaring and serious faults in Marx's work, that's fine, though for me it's like trying to save Creationism. Those working to save both Marxism and Creationism seem like they have the same motive - a faith trying to justify a doctrine rather than follow the evidence. I hadn't mentioned it, but Marxism's anti-empiricism is another incredibly serious issue as well that both shows what a freakish 19th c archaism Marxism is, but also undermines enough to not make it seem worth saving the micrograms of baby for the kilos of bathwater.