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.
I'm sorry I can't remember the details, but I remember Richard Wolff :RIchard-D-Wolff: giving a talk on the labor theory of value, where he explained that it's more like an alternate model that is not designed to predict price but is instead necessary to explain part of the relation between exploitation and labor, where the utility theory of value is not a useful model.
Anyone know what I'm talking about?