Why the Labor Theory of Value Is Wrong

New Discourses Bullets, Ep. 188

Karl Marx turned an economic idea called the labor theory of value into a theory of resentment and exploitation. The thing is, it's not just that Marx was wrong for adopting the labor theory of value; it's that the labor theory of value itself is also fundamentally wrong. In this episode of New Discourses Bullets, aimed especially at younger listeners, host James Lindsay spells out the failures of both the labor theory of value in general and of Marx's theory of labor resentment on top of it. Join him to learn, and share with younger listeners so they can too.

New Discourses Bullets 188 - Why the Labor Theory of Value Is Wrong.mp3

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New Discourses

Welcome to New Discourses! We like to think of this place as a home for the politically homeless, especially for those who feel like they’ve been displaced from their political homes because of the movement sometimes called “Critical Social Justice” and the myriad negative effects it has had on our political environments, both on the left and on the right.

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