Is it an unfalsifiable hypothesis? I'm finding it hard to believe workers can never not be exploited. In a system which provides all their basic needs and pays them plentifully would the be exploited? Also, why can't the amount being appropriated from the worker ever be quantified? Maybe I'm dumb, idk.
Labor Theory of Value
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You’re just dunb
fpbp
It's the other way around. Supply/demand is unfalsifiable. LTV can be falsified by comparing the average value of goods to their average labor content, barring a few exceptions for certain kinds of goods:
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Why is this board seemingly no longer interested in challenging rightists?
Labour theory of value is basically a selective magic theory.
Like literally if you spend a goddamn amount of time to dig a hole, it still wouldn't count unless you sell it in a market.
Supply/demand works even without market, if you have something valuable, people will want to buy it from you.
read Marx
t. someone who actually read Marx instead of strawmanning his arguments
lol Marx said it doesn't count if it's not in the market
And that's why "socialist" countries ignore his teachings.
The essence of Marx's argument is that there needs to be a social value (hence the socially necessary in SNLT), but this is irreducible to 'forces of supply and demand' unless you want to turn S&D into a very broad abstraction, in which case you're merely playing around with words while ignoring the actual concepts involved.
To everyone else, notice how contrarian this fucker wants to seem. "And that's why". "lol". It's the same bullshit that we find a click away from this board.
The only unfalsifiable hypothesis is supply & demand, see Cockshott. The LTV can be empirically proven.