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>But mainstream empirical economics, including (but not limited to) the neoclassical school, does not have a theory of value. It does; it assumes utility exist
by logicchains 5y ago
>But mainstream empirical economics, including (but not limited to) the neoclassical school, does not have a theory of value.
It does; it assumes utility exists as some concrete thing that can be compared between individuals. The fact you weren't aware of that just shows how good mainstream economics is at hiding this. https://en.wikipedia.org/wiki/Utility#Discussion_and_criticism https://en.wikipedia.org/wiki/Utility#Discussion_and_critici...