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 Ah, it's supply and demand bullshit, I see
@coriander i mean Marx VERY MUCH agrees that supply and demand are a thing and in fact functional (in a way) toward the anarchy of production; he just doesn’t think that actual price is a measurement of value
