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Are you saying the validity of the LTV is a 60 citation comment paper who's metric of correctness is correlation with market prices? And we just ignore everyth
by chermi 2mo ago
Are you saying the validity of the LTV is a 60 citation comment paper who's metric of correctness is correlation with market prices? And we just ignore everything else?
- kingraoul 2mo agoPrices track labor inputs extremely closely, using the LTV yields a 0.90+ correlation coefficient to real world prices. Mainstream economics doesn’t even have a non-tautological theory of equilibrium price. So what “everything else” are you referring to?
- deleted 2mo ago[deleted]
- chermi 2mo agoWell I have a lot to say but I don't see much use. Just to restare 1) LTV is correct because it correlates with the system you disagree with and that it's superior to? 2) The best evidence overturning all of the consensus and evidence against LTV is a 60 citation comment on a paper? My shittiest paper has more citations than that and it's 5 years old. Something confirming LTV would be a nobel memorial for sure.