5 ms·
I sort of agree, that the labor theory of value is one of the main problems of Marx's analysis. Sort of, because I think the premise that only people accept mon
by yk 14y ago
I sort of agree, that the labor theory of value is one of the main problems of Marx's analysis. Sort of, because I think the premise that only people accept money and you always end up with profits or wages is essentially tautological. However, it is not a very useful way to think about (modern) markets, since one is too busy to trace back flows of money to actually understand their behavior.