There’s this new video by a good YouTuber - Value by Unlearning Economics. There was also an article by Ben Burgis for the Jacobin which argued the same.

Is it possible, as both these people argue, to separate Marx’s critique of capitalism from his theory of value? To keep the former and discard the latter?

Edit - I’m not siding with the video or with Burgis, btw. I think Marx’s value theory is correct. I’m just looking for people who can shine some light on this new(?) phenomena of leftists speaking out against LTV while trying “save” Marx’s critique of capital. To me, that just seems like a pointless and hopeless endeavour.

  • SickleRick [he/him]
    ·
    2 years ago

    The most common critiques I see of LTV is that it conflicts with other ideas of value, but these are all people who haven't read any of Capital, as Marx explicitly states that Value has multiple meanings. I've had endless conversations with a central European succdem who thinks the existence of the Exchange Theory invalidates LTV.