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Most of my lectures annoy Neoclassicals; this one is going to annoy Marxists. Using the energy-aware production function derived in the previous lecture, I argue that the “Labour Theory of Value” asserts that production is entirely a function of the energy input to unskilled labour–which is absurd. I then explain the dialectical interpretation of Marx, ...
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Most of my lectures annoy Neoclassicals; this one is going to annoy Marxists. Using the energy-aware production function derived in the previous lecture, I argue that the “Labour Theory of Value” asserts that production is entirely a function of the energy input to unskilled labour–which is absurd. I then explain the dialectical interpretation of Marx, ...
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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