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/lit/ - Literature

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17038396 No.17038396 [Reply] [Original]

General discussion thread for the LTV

What are the fundamentals of the Smithian, Ricardian, and Marxist LTV?
Why do you consider them/it still relevant and, if you are willing, explain why they are more apropos to understanding value?
Why do you agree with it in general?
Why do you disagree with it?
What alternative theorems do you suggest in its place?

Post excerpts from corrobating/supporting or approbating/refutative literature in regards to it or simply just post the name of the piece, in question.
Please divorce political ideology from your posts, as I'd presume that its in your interest to accumulate useful knowledge concerning this topic, which the discussion around should be primarily economics-related.
>inb4 go to /biz/
This is critical element of Marxism and earlier economic theorems, which has had a great impact on literature, sociology and philosophy.
Also they are just speculators, albeit not very good ones.

Mostly I just wanna avoid getting knowledge about economics from pseuds like in >pic related.

>> No.17038421

>>17038396
Does Marxism and/or curren political economy have something insightful to say about the financial market and criptocurrency?

>> No.17038442

LTV has been disproven a billion times already a billion fucking years ago.

Fuck off.

Leftism doesn't work.

>> No.17038457

>>17038396
whats LTV?
those pixel-based light TVs?

>> No.17038477

>>17038442
By who, and could you please post relevant lit in regards to it?

Also, sorry if I came across as biased in the OP.

>> No.17038491

>>17038457
The Labour Theory of Value, as first, I believe, posited by Adam Smith, then elaborated on by Daniel Ricardo and then supposedly completed by Karl Marx with the addition of 'exchange value'

>> No.17038500

>>17038421
I will regret saying this, but I think we need to call in the insect for at least some insight.

>> No.17038544

>>17038477
By everyone who is relevant.

Read Mises or Hayek they thoroughly dismiss leftism.

>> No.17038584
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17038584

>LTV

Not so fast.

Also, Tadao Horie's Marx's Capital and One Free World.

Good day.

>> No.17038591

>>17038500
i miss the insect's smile bros
>ywn protect that face
why even live

>> No.17038607

>>17038491
I don't really know much about economics, but wasn't Adam Smith basically the guy who came up with theory for capitalism? Why would Marx share his ideas?

>> No.17038615

>>17038584
Just looked at the amazon page and discovered this under one of his most popular books.
Is he actually refuted by them?

>> No.17038666

>>17038615
>>17038584
Fuck, forgot the image.

But the review essentially said that it was comprehensively refuted by Nikolai Bukharin and I was interested in his contentions