I think analytic philosophy is way past Kant. Most of its mathematical logic and Wittgenstein now.
Have the majority of economics professors even read Marx?
Nolan Murphy
Landon Roberts
I must admit I'm somewhat bemused by this given ol all-philosophical-problems-are-shallow-when-material-friction-is-added Wittgenstein is the gravedigger of analytic philosophy
Xavier Collins
It’s recently taken a step backwards from the groundbreaking work Wittgenstein did, but that’s mainly due to the reversals in global class struggle and working class insurgency mainly. Hopefully when the movement picks up from all the awful structural deficiencies we’ll see a Renaissance in materialist philosophy again.
Elijah Adams
I don't think I've ever heard a coherent argument against the LTV presented by a right-winger. Right-wingers in general simply do not know what predictions the LTV makes and how it reaches those predictions. They have fundamental misunderstandings of the theory, and then they argue against their own strawmen. I mean, the mudpies, value conflation, babble about supply-demand etc. The Critique of the Gotha Programme literally begins with "Labor is not the source of all wealth."
I'm willing to bet that most people who argue against the LTV haven't actually studied it past some investopedia.com article or some shit, and are just parroting the same old garbage. I always see communists engage in good faith with these fucking people, and unsurprisingly the other side never returns that good faith.
Mason Bell
Yes, bourgeois economics relies on oversimplified models.
Leo Gray
seriously, why is this allowed.
Jackson Wood
I like how this graph implies that the taxes are literally increasing the value of the product, rather than the reality which is that companies are forced to take tax into account while setting their price.
Of course in USA, taxes aren't displayed as part of price, so companies can fool themselves into thinking they raise the ROP by "shifting" the Purchase Tax onto the consumer… thereby increasing cost of Labor Power, which the companies have to pay for.
But if we just looked at this graph, we might conclude that the government is actually conjuring value out of thin air… through taxes on existing circulating money values! So no wonder free marketers think taxes cause inflation. And MMTers go the other way to conclude inflation isn't real. Holy shit.
Easton Moore
Deadweight loss can just as well be an argument against non-pareto-efficient pricing (so any price above the cost) as a similar triangle appears when a corporation tries to make extra profits.
They almost never give that as an example.