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 ..."
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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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It’s not a completely different point because you chose a quote about wages
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You've backed so deep into pure sophistry at this point, it's hard to follow. Are you saying that "price" and "value" only coincide in labor markets? ...
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... Marx's WHOLE FREAKING POINT in Capital is that labor market pricing should be explained through the LTV, with the same rigor he saw the classical economists employing with respect to other commodities ...
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Replying to @Outsideness @wokeytliberal and
... but which, he argues they fail to apply accurately to labor, because when you do that a schism appears between "labor" and "labor power" (with the market price of the latter, and not the former, determined by the LTV).
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Replying to @Outsideness @wokeytliberal and
... Price = cost of production, denominated finally in units of labor time. So labor is priced at its cost of reproduction, not its industrial value.
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