Some right-wing think tank should actually fund the completion of a critical edition of the Marx corpus. (I'm happy to explain why.)
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Replying to @MorlockP
Because Marx's great achievement is the rigorous, fully-elaborated reductio ad absurdum of the (classical economic) labor theory of value, and no one is properly incentivized to recognize that.
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Replying to @Outsideness @MorlockP
Marx: "Ricardo is a genius, but take his ideas (LTV) to the limit and it results in ruinous contradiction. Jehu: Revolution! Austrians: Or maybe we could try for a realistic theory of prices?
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Replying to @Outsideness @MorlockP
You gammon watch a Micheal Heinrich lecture on value theory, you might learn something other than mArxS ValUE tHeOry WaS jUsT rIcaRdO’s
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Replying to @ORGONEACCUMULA1 @MorlockP
Not just, but mostly. And Ricardo's Iron Law of Wages is the most robust thing to have come out of it.
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... By the end of Capital III, Marx has demonstrated conclusively that the LTV can't explain prices, so to say there's still a "theory" remaining at all is quite a stretch. ...
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LTV was never to explain prices
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Utter bullshit. There's no suggestion in Vol. I that it's meant to do anything else. The market price of labor, in particular, is Marx's focused problem.
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Not when you're doing economics.
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