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It's probably worth mentioning that Marx's labor theory of value is not taken seriously by mainstream economists.
by gruez 7mo ago
It's probably worth mentioning that Marx's labor theory of value is not taken seriously by mainstream economists.
- AngryData 7mo agoTo be fair economists don't agree on many things and even the most mainstream theories are regularly challenged as inadequate and ineffective at explaining past and current economic trends and bad at guiding policy changes and decisions.
- philwelch 7mo agoThere is a very broad consensus that labor theory of value is nonsense however. And when it comes to a theory being “bad at guiding policy changes and decisions”, attempts to implement Marxism killed more people than the world wars, many through famine.