hh on Nostr: A significant error that I constantly run across among liberty-oriented fellows: the ...
A significant error that I constantly run across among liberty-oriented fellows: the labor theory of value is not a "Marx thing", it's a "classical thing" -- Adam Smith himself subscribed to a form of it, as did Ricardo (which is a more explicit precedent for socialist theories).
The fork in the road that led to a more truthful theory of value was the Marginal Revolution that lies at the core of neoclassical theories.
Published at
2025-01-23 13:50:23Event JSON
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