[lbo-talk] the price of everything and the value of nothing

[Shane Mage]

T Fast wrote:
"...The point of the LTOV is to show how exploitation can be measured 
at the level of the system as a whole..."

And this is the whole point, the point that Justin seems incapable
of understanding.  Measurement, the basis of all science, requires
an objective unit of measure.  For the political economy of
Capitalism that unit of measure is the quantum of socially necessary
labor time, what Marx called "value."  Without such measurability
"economics" has descended steadily to its present pitiful state.

Shane Mage

"When we read on a printed page the doctrine of Pythagoras that all 
things are made of numbers, it seems mystical, mystifying, even 
downright silly.

When we read on a computer screen the doctrine of Pythagoras that all 
things are made of numbers, it seems self-evidently true."  (N. 
Weiner)