What do you mean by "value" when you say that the amount of labor does not determine value?

What someone pays for a product

...

gaddafi was a socialist

Be that labor or otherwise

not communist

socialism requires a state

Who is this someone?

@Deleted User same thing

socialism is state-owned means of production

@BabygottBach anyone

wrong

communism is worker-owned means of production

That's not what value is

Wew

very different if you actually understand what that means

value in the Labor theory of value means the AVERAGE exchange rate of a product

@BabygottBach literally the same thing

false

individuals are weird and idiosyncratic

Ok we can play semantic games all day

This is not semantics

The individual is not the same as the whole

Where demand and supply meet is where the value is

The labor theory of value doesn't care about the individual

You can work 50 hours a week and the value of that labor could be worth a dollar

it's about the aggregate, large scale phenomena

Define value

If you dont have a market to determine value you dont have value

There is no mathematical way to calculate value if you dont have supply and demand

You need a market exchange in order for things to be exchanged

Yes

Labor theory of value assumes supply and demand

you've so far said nothing that Marx did not EXPLICITLY say in Chapter 1 Section 1 of Das Kapital

You cant just determine supply and demand

I'm not sure what you think you are debunking

Marx also assumed supply and demand

There is literally no way to determine supply and demand. You can only observe it

You use supply and demand as if it somehow debunks LTV. It doesn't.

The labor theory of value (LTV) is a theory of value that argues that the economic value of a good or service is determined by the total amount of "socially necessary labor" required to produce it, rather than by the use or pleasure its owner gets from it (demand) and its scarcity value (supply).

Why is there no way to determine supply and demand? They track pretty constantly, around some central point.