There is a Wikipedia page for the Labor Theory of Value.
There is a Wikipedia page for the Criticisms of the Labor Theory of Value.
But there is no Wikipedia page for "Criticisms of the Criticisms of the Labor Theory of Value". Even Google doesn't turn anything up.
I have not read enough theory to even fully understand LTV, let alone understand its criticisms. But I'm assuming there are some Marxists who have written the "Criticisms of the Criticisms of the Labor Theory of Value". What would these be? Right now you get the impression that the "Criticisms of the Labor Theory of Value" are going unchallenged.
PRICE IS THE MONEY-FORM OF EXCHANGE VALUE RAAAAAAAAAAAAA
:agony-turbo:
Although since Marx we have moved money form being gold based and simply a commodity to being fiat which complicates it a lot
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It's more or less the same but the relation is a bit more murky
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I mean reserve banking precedes Marx so this isn't really the case, but it's certainly more extreme than it used to be
I think Anwar Shaikh has shown empirically that the price of wholesale commodities still directly reflects the price of gold however. Gold is in effect still the dominant money commodity.
If I said price is derived from exchanged value would that be more accurate?
I think it's accurate enough to say price is exchange value tbh, I was just being a pedant.
I'll have you know I'm a survivor of impostor syndrome.