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I'm curious what the author means by: "Marxism and the labor theory of value is incorrect". First of all isn't that the wrong way around and should be the value

I'm curious what the author means by: "Marxism and the labor theory of value is incorrect". First of all isn't that the wrong way around and should be the value theory of labor? But that aside: what is wrong about the concept of surplus value and labour power? (Which I assume would form the core of a marxism and be the value theory of labour; or vice versa) Aren't those generally accepted concepts? The entirety of marxism, especially its teleologial argument/eschatology is a different story, but what social/economic theory falsifies or even contradicts the concept of labour power and surplus value and in what way?

zahlman 1mo ago
> First of all isn't that the wrong way around and should be the value theory of labor? No; https://en.wikipedia.org/wiki/Labor_theory_of_value https://en.wikipedia.org/wiki/Labor_theory_of_value is an established term and has been for centuries. > what is wrong about the concept of surplus value and labour power? ...what social/economic theory falsifies or even contradicts the concept of labour power and surplus value and in what way? The theory has also been superseded for centuries: https://en.wikipedia.org/wiki/Marginalism https://en.wikipedia.org/wiki/Marginalism