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Watermelon
ZEK in siberian gulag
Age : 97
Joined : 05 Apr 2008
Posts : 2640
Location : Iceland
 |  Subject: Labor theory of value  Tue Apr 15, 2008 1:15 am | |
| The labor theory of value is a theory originating in bourgeois economics, but elaborated on by Marx. Bourgeois economists think supply and demand determine price, but Marx was the first to realize that the real determiner is the value of the labor. Labor and Nature are the sources of all value.
Discuss.
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"The market is not an invention of capitalism. It has existed for centuries. It is an invention of civilization"
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my name is evyindur H haarde |
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oligarch
Member of the WR Committee
Joined : 31 Jan 2008
Posts : 1496
| | Subject: Re: Labor theory of value Tue Apr 15, 2008 1:19 am | |
| I think a better way to summarize the Law of Value would be to say that the value of a commodity is determined by the amount of time socially necessary to produce it.
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inkus2000
New Party Member
Joined : 31 Mar 2008
Posts : 541
Location : I woke up this morning and I dont know where I am.
| | Subject: Re: Labor theory of value Tue Apr 15, 2008 3:47 am | |
| | oligarch wrote: | | I think a better way to summarize the Law of Value would be to say that the value of a commodity is determined by the amount of time socially necessary to produce it. |
Yea I think its time + effort + intensity = labor value.
Thats going on memory but im pretty sure thats it. |
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Watermelon
ZEK in siberian gulag
Age : 97
Joined : 05 Apr 2008
Posts : 2640
Location : Iceland
| | Subject: Re: Labor theory of value Tue Apr 15, 2008 10:37 pm | |
| | Quote: | I think a better way to summarize the Law of Value would be to say that the value of a commodity is determined by the amount of time socially necessary to produce it.
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That is true but also the value of a commodity is also its price. This is important to know because that is what the tendency of the rate of profit to fall is based on.
_________________
"The market is not an invention of capitalism. It has existed for centuries. It is an invention of civilization"
Mikhail Gorbachev, June 8, 1990
accept green or die!!!
my name is evyindur H haarde |
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cary jebus
Pioneer Leader
Joined : 10 Jan 2008
Posts : 93
| | Subject: Re: Labor theory of value Tue Apr 15, 2008 11:33 pm | |
| Its how much will and effort is put in
The govement would be doing unlimted effort and will beacuse there following hte will of the people. |
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mattabesta
ZEK in siberian gulag
Age : 17
Joined : 23 Dec 2007
Posts : 3237
Location : Iceland
| | Subject: Re: Labor theory of value Wed Apr 16, 2008 12:09 am | |
| | it is linked if it takes time then ther will be less of it and thus supply is smaller and that's why it is expensive it's the same therory just diffrent parts. |
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Watermelon
ZEK in siberian gulag
Age : 97
Joined : 05 Apr 2008
Posts : 2640
Location : Iceland
| | Subject: Re: Labor theory of value Wed Apr 16, 2008 12:11 am | |
| Evidence shows that the labor theory is more accurate at predicting prices.
_________________
"The market is not an invention of capitalism. It has existed for centuries. It is an invention of civilization"
Mikhail Gorbachev, June 8, 1990
accept green or die!!!
my name is evyindur H haarde |
|
| | |
mattabesta
ZEK in siberian gulag
Age : 17
Joined : 23 Dec 2007
Posts : 3237
Location : Iceland
| | Subject: Re: Labor theory of value Wed Apr 16, 2008 12:19 am | |
| | Pannekoek wrote: | | Evidence shows that the labor theory is more accurate at predicting prices. |
get me it. |
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oligarch
Member of the WR Committee
Joined : 31 Jan 2008
Posts : 1496
| | Subject: Re: Labor theory of value Wed Apr 16, 2008 1:29 am | |
| | mattabesta wrote: | | it is linked if it takes time then ther will be less of it and thus supply is smaller and that's why it is expensive it's the same therory just diffrent parts.. |
Das Capital.
The Law of Value is very well thought out and results from very complex and highly developed political economic theories, don't think you can disprove it with your poor conception economics.
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Watermelon
ZEK in siberian gulag
Age : 97
Joined : 05 Apr 2008
Posts : 2640
Location : Iceland
| | Subject: Re: Labor theory of value Wed Apr 16, 2008 2:14 pm | |
| For example, some argue that value in the sense of the amount of labor embodied in a good acts as a center of gravity for price. As counter-intuitive as this may seem to those accustomed to neoclassical price theory, some empirical evidence suggests labor values are a better predictor of empirically recorded prices than prediction by any other means.[9]
_________________
"The market is not an invention of capitalism. It has existed for centuries. It is an invention of civilization"
Mikhail Gorbachev, June 8, 1990
accept green or die!!!
my name is evyindur H haarde |
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| | |
beatnikzach
Experienced Party Member
Age : 17
Joined : 10 Apr 2008
Posts : 809
Location : amerika
| | Subject: Re: Labor theory of value Wed May 07, 2008 3:53 am | |
| | labor value is based on the amount of labor at the disposal to the bourgeoisie. |
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mattabesta
ZEK in siberian gulag
Age : 17
Joined : 23 Dec 2007
Posts : 3237
Location : Iceland
| | Subject: Re: Labor theory of value Wed May 07, 2008 8:15 pm | |
| | oligarch wrote: | | mattabesta wrote: | | it is linked if it takes time then ther will be less of it and thus supply is smaller and that's why it is expensive it's the same therory just diffrent parts.. |
Das Capital.
The Law of Value is very well thought out and results from very complex and highly developed political economic theories, don't think you can disprove it with your poor conception economics. |
the theroy that the earth was round and that the earth was the middle of the univers were very well developed.
dude you need to learn basic economics, now.
supply is low but demand is high.
now this leads to pize increas becuse the seller pulls up his prizes or the buyer bid higer in the end demand will fall becuse the product will be too expensive and then it stabalizes.
VERY SIMPLE
ok now supply, marxes part.
marx argues that if it takes more labour wich we can call "time"
it obviusly will not come in as gr8 numbers and that is low supply often low supply also means low demand but if not the prize is high.
marx did not write this.
anothre thing.
computer, very easy and cheap to make but VERY hard to develop so that means more work goes into the computer and the seller is forced to keep prizes high.
we are talking about the same thing so just drop it.
P.S. again marx wasn't the first one. |
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Watermelon
ZEK in siberian gulag
Age : 97
Joined : 05 Apr 2008
Posts : 2640
Location : Iceland
| | Subject: Re: Labor theory of value Thu May 08, 2008 11:34 pm | |
| Matt just shut up. I know you know you don't know what you're talking about, so quit talking about something you know you know nothing about.
_________________
"The market is not an invention of capitalism. It has existed for centuries. It is an invention of civilization"
Mikhail Gorbachev, June 8, 1990
accept green or die!!!
my name is evyindur H haarde |
|
| | |
mattabesta
ZEK in siberian gulag
Age : 17
Joined : 23 Dec 2007
Posts : 3237
Location : Iceland
| | Subject: Re: Labor theory of value Fri May 09, 2008 10:35 am | |
| | Watermelon wrote: | | Matt just shut up. I know you know you don't know what you're talking about, so quit talking about something you know you know nothing about. |
you've obiusly been outsmarted  |
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Watermelon
ZEK in siberian gulag
Age : 97
Joined : 05 Apr 2008
Posts : 2640
Location : Iceland
| | Subject: Re: Labor theory of value Fri May 09, 2008 1:09 pm | |
| You weren't even talking about marxian economics, although it appears you thought you were.
_________________
"The market is not an invention of capitalism. It has existed for centuries. It is an invention of civilization"
Mikhail Gorbachev, June 8, 1990
accept green or die!!!
my name is evyindur H haarde |
|
| | |
mattabesta
ZEK in siberian gulag
Age : 17
Joined : 23 Dec 2007
Posts : 3237
Location : Iceland
| | Subject: Re: Labor theory of value Fri May 09, 2008 4:54 pm | |
| | Watermelon wrote: | | You weren't even talking about marxian economics, although it appears you thought you were. |
LOL ofcourse that wasn't marx, that was just his theory of value with modren economics. |
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Watermelon
ZEK in siberian gulag
Age : 97
Joined : 05 Apr 2008
Posts : 2640
Location : Iceland
| | Subject: Re: Labor theory of value Fri May 09, 2008 10:34 pm | |
| Neoliberal economics is false.
_________________
"The market is not an invention of capitalism. It has existed for centuries. It is an invention of civilization"
Mikhail Gorbachev, June 8, 1990
accept green or die!!!
my name is evyindur H haarde |
|
| | |
Jeiro Sijakeuigwan
Experienced Party Member
Age : 17
Joined : 03 Feb 2008
Posts : 927
Location : The Circle of Flow
| | Subject: Re: Labor theory of value Sat May 10, 2008 12:41 am | |
| | Watermelon wrote: | | Neoliberal economics is false. |
It will become false if we do something to stop it.
It will become true if we do nothing.
_________________
"Fascism is capitalism in decay." - Upton Sinclair |
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Watermelon
ZEK in siberian gulag
Age : 97
Joined : 05 Apr 2008
Posts : 2640
Location : Iceland
| | Subject: Re: Labor theory of value Sat May 10, 2008 12:53 am | |
| lolurdumb
It is a theory. LIke evolution or gravity. Their truth is not dependent on anyone's actions. Neoliberal economics is false no matter what.
_________________
"The market is not an invention of capitalism. It has existed for centuries. It is an invention of civilization"
Mikhail Gorbachev, June 8, 1990
accept green or die!!!
my name is evyindur H haarde |
|
| | |
Jeiro Sijakeuigwan
Experienced Party Member
Age : 17
Joined : 03 Feb 2008
Posts : 927
Location : The Circle of Flow
| | Subject: Re: Labor theory of value Sat May 10, 2008 2:09 am | |
| | Watermelon wrote: | lolurdumb
It is a theory. LIke evolution or gravity. Their truth is not dependent on anyone's actions. Neoliberal economics is false no matter what. |
LOLNOU.
If so, then what is your evidence?
_________________
"Fascism is capitalism in decay." - Upton Sinclair |
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