Wojtek
On Mon, Feb 14, 2011 at 10:48 PM, Peter Fay <peterrfay at gmail.com> wrote:
> Huh?
> The labor theory of value dubious? Did we just flush down the loo 250
> years
> of Smith, Ricardo and Marx?
>
> So the labor theory of value would be replaced by... what? Marginal
> utility, which has always seemed to me closer to a divining rod than a
> theory? Or would we just abandon any attempt to explain value, as in
> modern
> economics? Is this generally agreed here, that the labor theory of value
> is
> somehow passé?
>
> On Mon, Feb 14, 2011 at 4:29 PM, Somebody Somebody <philos_case at yahoo.com
> >wrote:
>
> > So, there could be quite a bit left of left politics without concerning
> > oneself with the implications of the labor theory of value, a theory of
> > dubious validity anyway.
> >
> >
> >
> >
> >
> >
> >
> > ___________________________________
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> >
>
>
>
> --
> Peter Fay
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>