labor theory of value is utterly disproven repeatedly by multiple economists since Marx proposed this idiot idea

prices are a product of supply, what is available, and demand, what people prefer more over what they prefer less (personal scales of value)

this applies not only to goods that are consumed but goods that are intermediate in production such as labor and raw materials

ultimately the end product price has a big influence on price but money itself is another intermediate good, always intermediate, like raw materials and labor

Reply to this note

Please Login to reply.

Discussion

Well nostr and the users never disappoint. Couldn't articulate it. But why would I need a currency if I get everything I want and need? I'd use dogecoin :)

what does labour theory of value have to do with my scenario and my question? I can't follow