Tryna understand the LTV. I get that only labor creates value, but how do you figure the indirect labor of managing the workers? Whether it’s managed by the state directly or private citizens or elected ppl or whatever, you still need people to manage the people directly adding value, right? so how do you know how much value those people add? Maybe this is an incoherent question, idk. Linking me a thing to read is fine but i’m not gonna read more than ~15 pages b/c i think it’s a fairly simple question.
The LTV is the one area I don't agree with Marx. A product or service value isn't set it's creation, but at the time it goes to market. Thus value must be imparted by the willingness for individuals to trade not to produce. I think that there's some misunderstanding that between product costs and operating costs.