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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Replying to @Outsideness @MorlockP
Ricardo didn’t even come up with the Iron Law of Wages, that was Lassale. Marx and Engels critiqued the Iron Law of Wages.
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Replying to @ORGONEACCUMULA1 @MorlockP
That's controversial, on both counts.
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Replying to @Outsideness @MorlockP1 reply 0 retweets 0 likes
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Replying to @ORGONEACCUMULA1 @MorlockP
"It is well known that nothing of the 'iron law of wages' is Lassalle's except the word 'iron' ..." -- Great start.
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... "... the scientific understanding that wages are ... only a masked form for the value, or price, of labor power." Value or price. "But ... but ..."
@wokeytliberal3 replies 0 retweets 1 like -
Wages are different to prices and value of other commodities
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Completely different point you're desperately clutching at now, but never mind.
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