3 ms·
> Before anyone says that "labour theory of value" has been proven false Or: take a random sample of n > 1000 products from the MIT Billion Price Project, and
by tuatoru 6y ago
> Before anyone says that "labour theory of value" has been proven false
Or: take a random sample of n > 1000 products from the MIT Billion Price Project, and establish the labour content of each. I guarantee the correlation coefficient between labour content and price will be over 0.9.
In social science, academics take anything over 0.3 as strong proof of a claim.
- wazoox 6y agoThank you, I didn't know of this project, that sounds really interesting :)