He's probably referring to neoclassical economics fam
Use & Exchange
Connor Johnson
Chase Smith
fuck, now i miss my beanine babies.
Brayden Cook
Neoclassical economics is not necessarily bourgeois, there were plenty of socialist economists who subscribed to the neoclassical theory. Also, you don’t need to believe in the labour theory of value to be a Marxist. As John Roemer has shown using rational choice and game theory, you can prove that the bourgeoisie exploits the proletariat without the LTV.
Blake Clark
Why should I use neoclassical tools when I have the LTV? I do see the value of proving Marxist points using mainstream economical tools, but that does nothing to diminish the LTV itself, especially considering its scientific validity compared to general equilibrium or game theory.
Xavier Davis
Because the LTV has been utterly discredited and it cannot be taken seriously by anyone who is not economically illiterate
Jack King
Oh really? Discredited how and when?
Jaxson Myers
The same goes for the non-existent tendency of the rate of profit to fall and the notion of ever-increasing severity of capitalist crises.
Jordan Price
Chase Howard
Landon Butler