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
I remember starting to read Das Kapital in my early 20s, getting about 20 pages in, and saying aloud "he just argued that people building a circular highway in the forest creates value"
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Replying to @Outsideness @MorlockP
The LTV is empirically and theoretically correct. That you said something that stupid, btw, Morlock, shows exactly how little you understand both what a commodity is and what socially useful means. That Marx bungled the transformation problem doesn't take away from the two
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very obvious solutions: profit is empirically proportional to the organic capital composition which makes it proportional to dead labor, and 2, surplus value is as determined by necessity as the value of labor power, it's the value necessary to reproduce capitalists as a class.
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When it makes mathematical sense it's a vacuous formal tautology, and when Marx tried to make it do real explanatory work, it fell apart into smoking wreckage.
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Replying to @Outsideness @MorlockP
The capital vol 1 theory of ltv is an exceptionally efficient emperical predictor of actual prices. I can link you some studies if you like.
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