Demolishing Marx's Labour Theory of Value

January 31, 2009

Demolishing Marx's Labour Theory of Value

Every once in a while, I'll meet up with a dogmatic Marxist on the Internet who has spent his entire education (they are always students) studying Marx for 15 hours a day, every day, who will tell you that capitalists are evil because they exploit workers and all that. For anyone who is interested, this is an old piece by Brad DeLong on the fallacies of Marx's labour theory of value.

Jan 31, 2009 8:45:36 AM | Economics

1 Comment

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They ABSOLUTELY are Evil.
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Posted by: NYM Arts | February 06, 2009 at 06:48 AM

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