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Cybernetics were wrong because they began as efficiency optimization in the economy. It was wrong because it necessarily assumed shadow prices, which is incompa
by bildung 12y ago
Cybernetics were wrong because they began as efficiency optimization in the economy. It was wrong because it necessarily assumed shadow prices, which is incompatible with labor theory of value.
No, it conflicted with party dogma, not with the labor theory of value. In what way do you think the existence of shadow prices conflict with LTV?