why not both

based

hyperborea and free shit<:chad:793675087064465449>

No labour theory of value nonsense pls

1 Thing To Know About LTV Before Debating It: Marx Refers To Value As Price, Not Actual Value Humans Have For Things

LTV more like LTP

man i don't even know

what any of that means

https://www.youtube.com/watch?v=8qqpvLd1fO4 easy debunking of wrong old theories of value

Marginalism is Jewish Merchant Poo Poo

debunk it

You can't view everything from a purely use value view

That is basically what Marginalism and Marginalists do

Supply and Demand is fake and gay

Why is that meme so hard to read

how is supply and demand fake

Because firms prices barley respond to demand let alone supply

holy shit i need to take an economics course

i do not understand this shit

Economics isn't that hard

Philosophy is harder to me imo

i get philosophy

Like I myself don't believe in the LTV

but it has some merits

this is the opposite of true

No it is true LOL

Idk if you are an empiricist but I can give you empirical evidence

🥱 🥱 🥱 🥱

That's the sperg women on Twitter

He's probably going to link cockshott or smth

Nah

Cockshott is incapable at solving a lot

including the ECP

You'll see how good your economy is when you live in brazil

if something suddenly became scarce will the price for it go up or down

It will most likely go up a bit in the long run but studies have found that firms have shown to have their goods prices change only like 1 time to 4 times in a year. If the whole (((Neoclasikkkal)))and (((Austrian)))! theory of supply and demand was true then those prices would change way more than at the rate they are changing especially during recessions.

COVID is a good example of a demand shock that contradicts a lot of economists today.

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.