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I'm not an expert on the labor theory of value, but I do know that's not a valid interpretation of it. For one thing, I believe it applies only at a macro, or s

I'm not an expert on the labor theory of value, but I do know that's not a valid interpretation of it. For one thing, I believe it applies only at a macro, or sectoral, level.

darawk 6y ago
The point is, the labor theory of value has been rejected by economists for a really long time now, because it's a totally incoherent way of valuing things. https://en.wikipedia.org/wiki/Criticisms_of_the_labour_theory_of_value https://en.wikipedia.org/wiki/Criticisms_of_the_labour_theor...