C’mon man I know economy studies are liberal heaven, but even I learned that labour does indeed create value. Like, you don’t have to be a commie for that.
Even the classical economists like Smith and Ricardo thought that labor was the source of value, and Marx considered himself as following and building on their foundation. It was only later with the austrian-school economists like Mises, and Hayek that value moved from labor to become “whatever people get from trade” or “whatever gives you utility-points”, IE fake-magic-happy-points that could be created and destroyed at will.
Richard Wolff has a good intro article on the economics discipline serving as high priests of capitalism
C’mon man I know economy studies are liberal heaven, but even I learned that labour does indeed create value. Like, you don’t have to be a commie for that.
Even the classical economists like Smith and Ricardo thought that labor was the source of value, and Marx considered himself as following and building on their foundation. It was only later with the austrian-school economists like Mises, and Hayek that value moved from labor to become “whatever people get from trade” or “whatever gives you utility-points”, IE fake-magic-happy-points that could be created and destroyed at will.
Richard Wolff has a good intro article on the economics discipline serving as high priests of capitalism