ofc they do lol prices are only ever inflexible in the short term, no serious economist denies long term flexibility, especially during major shocks

No, they are inflexible even stretching to long-term at times as well. S&D is still fake & gay.

Look up CB+MU pricing

It's the main price method that new firms use today

are the prices stable in a depression

/big corporations

yes, in our current depression prices actually became steady and even rose a bit instead of going fully down

just because prices aren't changing much in a certain time span doesn't mean firms don't respond at all to supply and demand

They barley. I never said they didn't respond at all but they don't respond the majority of the time

Marx still had fake and gay theories about price too though

Price isn't decided by SNLT

lol no even during times of rigid prices s&d still apply and the current recession is proof - a shitton of business rationed goods (instead of immediately increasing prices) because the shortage of goods would've been even worse otherwise

All you've established is that during a recession most economists predict that prices will be affected more by demand than they are but that doesn't establish that supply and demand aren't the fundamental factors predicting people's economic activity

s&d has not been debunked - it has been augmented and expanded

if firms don't respond much to supply and demand then you can respond better and make more money

all of yall need the pussy theory of value lmao

why aren't you taking up this business opportunity

things like the labour theory of value are archaic theories that attempt to provide an objective measurement of value just like you raged at marginalism for with their marginal utility, obviously value is subjective not objective

Marx was just working off of Adam Smith and David Ricardos theories which were wrong

even his theory of explotation works off of faulty assumptions that they both made when it comes to value

No they don't. D (Demand) and S (Supply) didn't change anything during the recession so how could it have applied? A shit ton of business didn't fluctuate because of demand because first of all barley anyone was going out so ofc due to the lockdown it was not going to change a bit in the long-run and second of all because once the lock down chilled down prices still stayed rigid due to the mass price stickiness not caused by S&D but CB+MU pricing.

Marginalism still assumes S&D flexibility.

Why is LTV wrong? I'm not a big fan of LTV mainly because of its presupposition about price but I want to hear your critique

Well I obviously think that there is an empirical correlation between labor and price I think that the fundamental factors that are going on within the economy is the people have subjective preference for the product not the value that went into making the product

Well in order to have that value, the value had to be put in there.

Like you can explain the empirical evidence you see when it comes to someone like cockshot for example within a subjective theory of value

I'm not a fan of Cockshott

take it to vc

I don't see the point of a VC debate over chad economic debate

Take it to VrilChat

welp take it to <#793519133177675802>

oh shut up @1brieflife

@oistoy I might’ve just organize that debate with the scot for you

What is your Twitter @

We can record it and upload it as well

Cuz we need dunk on leftnats

let's just get him in here for now recording it is crange

I'll message him rn

Yeah any specific topics @oistoy of your wishing?

nothing in particular
mostly racism lol