Are there theories of value other than labour theory?
LTV seems so self-evident to me as a Marxist but I genuinely would like to know what other people are saying
@coriander innuendo studios once mentioned a school of thought that emerged after marx (critiqued LTV) that basically just rejects the concept of value outright and considers it equivalent to the actual price paid
@aescling That's..... A choice
Who decides the price to be paid? How do they determine it?
This seems like a bad framework
@coriander the idea is that a customer won’t pay if it’s too high (we will ignore how needs make this not work); the customer is the ultimate decider of worth
@aescling @coriander hmm interesting to assume the customer constitutes rather than is constituted through the field of knowledge
@aescling @coriander if your take is that customers decide value through the price they pay, then you have to admit to the poststructualists that programmes of knowledge which constitute certain objects as having value and others as not are foundational to the field of economics