0
submitted
3 years ago* (last edited 3 years ago)
by
LibsEatPoop@hexbear.net
to
c/politics@hexbear.net
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.
I only skimmed one part, the 'Socially Necessary Labor'-segment, and... at least the first criticism read like a (willful, perhaps) misunderstanding of the concept as Marx described it. The second is about practical implementation, and how that was basically impossible in the soviet union and the last is about how it's hard to measure (duh, it's a theoretical concept for the most part; mostly useful in the conception of further theory).
If the other criticisms follow a similar line, they'll take one micro-aspect of Marxist theory and then lament how that aspect, in isolation, isn't getting you anywhere.