4 ms·

Yeah... it’s sad, there is actually a really rigorous and sound theoretical core of economics that some incredibly diligent and thoughtful people came up with b

• claudiawerner 6y ago
  Somewhat ironically, the only people who still make discourse concerning value theory are heterodox economists and philosophers who disagree with marginalist value theory, and mainstream economists tend to have very little engagement with them, either in agreement or disagreement. The debate rages on (though much more quietly) with strong normative implications. Paul Samuelson himself was arguing the point in the 70s and 80s. The real shame is that people think these issues are at all settled in economics simply because many economists believe them, or don't concern themselves with them because of their abstractness.