3 ms·
Nice, the labour theory of value and the lump of labour fallacy lumped into one
by rangestransform 3y ago
Nice, the labour theory of value and the lump of labour fallacy lumped into one
- danbruc 3y agoI might be wrong, but is the labour theory of work not supposed to explain how value works in the economy and is criticised for not making the right predictions? I am not saying that this is how the economy works, I am saying that this is how it should work, that it would be fair to exchange an hour of work for an hour of work. Whether this is actually realizable, is another question, because there is more to prices than the amount of work spent.