Quantitative Analysis of the Labour Theory of Value (Marxism pt 2)
Added 2024-10-31 19:38:12 +0000 UTCHope this helps y'all understand
Blair Fix post https://economicsfromthetopdown.com/2021/09/11/how-the-labor-theory-of-value-emerges-from-egalitarianism/
Explainer of production function estimation:
Comments
Actually, your comment was extremely angry and toxic, which isn’t welcome here. For the record, you made some pretty specious arguments (among other things, saying causality methods are flawed doesn’t justify far worse methods like cockshott’s correlations, and Viktor acknowledged to me privately his slide made a mistake - you misunderstood that point too). But ultimately, please don’t think being insulting makes you sound clever. If you have a problem learn to manage your emotions before you make it, you’re nothing but a run of the mill internet troll.
Unlearning Economics
2025-01-24 20:50:28 +0000 UTCWow, couldn’t handle my objectively correct criticisms of your arguments? I guess this is what happens when you’re confronted with arguments that you don’t know how to handle. You censor and run.
Derya
2025-01-24 19:26:01 +0000 UTCI agree that without labour, nothing happens, however I maintain that the function that links labour, capital, and whatever else to output can be multiplicative, which means that the LTV (or certain implications of it) do not follow. I do think there's a schism between some of the intuitive justifications for the LTV and the specific quantitative predictions of it.
Unlearning Economics
2025-01-08 11:37:13 +0000 UTCHi UE, I have what is likely a silly and simple question, but when discussing the other variables that effect value, do those variables not matter if there simply is no labor? For example (and I'm using this as an example because you used it in on of your LTV videos) if Ticketmaster sold tickets to a show where they advertised it as a concert where there would be amps and subwoofers on stage but no way to put on your own show and there would be no bands or anyone interacting with the equipment. So essentially you've paid the price of the ticket but literally nothing would happen when you get there. No one would buy a ticket thus the value of the show would be $0. It would seem to me that only when you add in labor as a baseline item that these other variables even matter at all. To me this discussion feels as though there are several layers to it. Layer 1 is that there is simply no one working and thus nothing being produced and no value at all. Layer 2 would be there are employees that are producing a certain item/items and now there is the value of an item in a vacuum of just the labor put into it. Layer 3 is adding every other type variable on top of that which then adjusts price. Is this an incorrect way of thinking about LTV?
Musicislife0
2024-12-31 18:54:55 +0000 UTC
