“Mudpies take labor to produce but they don’t have any value. Therefore everything Karl Marx wrote is a pile of shit.” http://kapitalism101.wordpress.com/2012/08/19/value-and-price-qa/ …
@jeremy6d my understanding is that ricardo had that weakness. I am not super familiar with early political economy though
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@steveklabnik the labor theorists from Proudhon on have ALWAYS held the standard is *socially useful labor* of reproducible commodities -
@jeremy6d sure but ricardo was before that, correct? - Show replies
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@steveklabnik for a good refresher, see this http://www.mutualist.org/sitebuildercontent/sitebuilderfiles/MPE.pdf … and search on "mud pie"Thanks. Twitter will use this to make your timeline better. UndoUndo
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@steveklabnik people THINK Ricardo had that weakness b/c Bohm-Bawerk totally strawmanned him.Thanks. Twitter will use this to make your timeline better. UndoUndo
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