On the intellectual uselessness of a certain method of socioeconomic analysis
A few brief observations: 1. The Labor Theory of Value is incapable of functionally explaining even basic economic relationships. See Menger 1871. 2. The notion that class identity functionally drives political or any other type of collective action is hopelessly incoherent and undermined by a pervasive free rider problem. See Olson 1965, Section IV. 3. […]
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