I’ve read a lot about labor theory of value. I think it’s wrong though. Value is 100% an individual decision, there is no inherent value, in my opinion. And none of Marx’s theories are “scientific”. And before someone says it, maybe Adam Smith argued LTV, I don’t know, I’ve never read any Adam Smith- doesn’t change that I disagree with LTV
Thanks for the link, I didn’t know the history behind it- I just remember vaguely someone chastising someone for calling LTV Marxist and saying that Adam Smith believed in it.
Labor theory of value. Read theory people. It makes you better informed.
I’ve read a lot about labor theory of value. I think it’s wrong though. Value is 100% an individual decision, there is no inherent value, in my opinion. And none of Marx’s theories are “scientific”. And before someone says it, maybe Adam Smith argued LTV, I don’t know, I’ve never read any Adam Smith- doesn’t change that I disagree with LTV
Ah, the subjective theory of value. It is an interesting paradox.
Thanks for the link, I didn’t know the history behind it- I just remember vaguely someone chastising someone for calling LTV Marxist and saying that Adam Smith believed in it.