lmao that one dork being like "LTV has been thoroughly debunked" only to respond with " but but but muh marginal utility" when pressed, completely ignoring that those two concepts are completely different
It certainly didn't help that the Jacobin article itself opens with:
Even among Marx-friendly economists, the labor theory of value has fallen out of favor. But its technical validity is less important than the core message
It's weird, I feel like I've been seeing a lot of anti LTV takes from leftists lately (and I don't mean "post leftists" as they are by definition not leftist). A recent Vikki1999 video also comes to mind.
lmao that one dork being like "LTV has been thoroughly debunked" only to respond with " but but but muh marginal utility" when pressed, completely ignoring that those two concepts are completely different
"Post left" weirdos🤝 capitalists:
Labour theory of value has been debunked!!!11
It certainly didn't help that the Jacobin article itself opens with:
It's weird, I feel like I've been seeing a lot of anti LTV takes from leftists lately (and I don't mean "post leftists" as they are by definition not leftist). A recent Vikki1999 video also comes to mind.
notice how they say "marx-friendly" and not "marxist". which does all the heavy lifting for them.
Oh nice I didn't realize there was an update on that one. I only saw the statement of fact*
*it's true